HI ReetiI would 100% recommend contacting local professionals in your chosen markets. 

Like @John Underwood said, your cleaner and handy person can be of great help getting things done.

There is an amount that you can distribute from an IRA account to purchase a personal residence.You then might be able to turn the personal residence into an investment property.Best of luck.

If the person stops making payments, they alas,  have to foreclose.

Ultimately it would boil down to your personal risk tolerance.

Hey @Cameron MarroPersonal Loan or Line of Credit: If you have decent credit, a personal loan or line of credit could give you access to the cash you need for renovations without using your property as collateral.

I personally don't like exclusive by agreements.

Here’s what keeps successful house buyers winning (even when deals fall apart):**They don’t get emotionally attached to a deal- A lost deal is not a personal failure.

There are many here in my local area and your area is likely to have the same type of meetings.Most of the deals that I fund are by meeting investors in person at these groups and creating strong relationships. 

One of them I have used personally.