Banks and credit unions can also offer flexibility for investors that engage in strong relationship-building strategies, offering discounts and solid loans in exchange for borrowers willing to use the institution for other purposes (savings accounts, etc.).

Leaving aside if the JV is the best way to fund and assuming its not a scam than the fee is probably a very wise business move because a large percentage of the deals you see are from people who are delusional or are not taking numerous things into account (delays, closing cost, wrong comps, time, etc.).

The answer to this question will take into account your mother's goals on how the money needs to work, transition plans in the future, risk tolerance, asset segment preferences (retail, industrial, MF, self-storage, etc.), and many other factors.

Otherwise, counter offer accounting for the cost of repairs.

We don't spend more than we need to, but she wants to create unique products that both create solid financial returns and provide personal satisfaction and portfolio pieces for her social accounts, which fuel design consultation work, which also helps her earn money.Additionally, one thing we do in our houses, to project a high quality product into the world is very good fit and finish work.  

A recent study showed that 80 people are moving to this city every single week, which will continue to increase housing demand.

You made an incorrect assumption that I was being lazy and not reading or studying how to prepare for this venture. 

Quote from @Vinny Incognoli: Your equity is not a savings account from which you can withdraw for free.

Not so much, I think it is their self described "band of scrappy bankers and engineers" actually just trying to create a white label service where the QI has no liability and no effort to expend other than holding the money in some account doing heaven only knows what to make their profit.

How many buyers have down payment, closing costs, and broker compensation sitting in their bank accounts?