The initial loan doesn't seem as important than the refinance where you want to be able to use your own property to bankroll your next deal.Good luck and please share any info you find outside this thread!

My long-term goal is financial independence and I see real estate the vehicle to get there, while PT can bankroll my investing.

I have someone I know willing to bankroll me.

His incentives are in the right place to manage the budget and process well, because it is out of his pocket.However, likely he doesn't have the funds to bankroll the rehab and he will want you to pay as you go.

My long-term goal is financial independence and I see real estate the vehicle to get there, while PT can bankroll my investing.

If you cannot do this on your own, if you need investors to bankroll it, the YOU go get the investors, buy the property from them at a good price for both parties, and proceed with all the risk on you and your partner(s).  

I apologize for my minor league forgetfulness, sometimes I forget everyone has a 1st name and put their pants on 1 leg at a time, except for BIG league investors like yourself that buy from the bank......................... :roll

You mom might be bankrolling most of this, but only getting a modest equity/appreciation return.

I'm familiar with the concept in terms of making an investment/financing decision, but I'm struggling to understand why you factored it into my theoretical ownership interest.Here is what I am thinking (probably incorrectly):  My sibling should consider their opportunity costs when determining whether to bank roll this project, because maybe they can do better elsewhere.  

Rentals are great for building net worth but I would do that after you've successfully built your bankroll.