At least those are my observations.If you’re comfortable knowing the OOS risks, and still want to move forward, then great job, now you know what you’re getting into, which is part of due diligence.

Frankly, if you are proceeding with a transaction and you are NOT comfortable, do not proceed. 

I'd love to shorten that for him a bit with REI or just make it a bit more comfortable when we get there. 

Do certain properties need upgrades in order to maximize rent potential?

Additionally, I would like to attempt to do the process Owner/Builder with subcontracting work out as well as doing some of the work I'm comfortable with (I have some experience with bathroom & kitchen remodeling an am not new to the construction industry).

Quote from @Gregory Schwartz: Quote from @Caleb Brown: Personally I would not feel comfortable with raising money unless I've done 5+ deals within that asset type.

Sometimes I have to show clients the math for them to get comfortable with it. 

Visit the property and learn about various renovation stages, gain insights from our experienced investors / speaker, and learn strategies for evaluating deals, managing budgets, and maximizing ROI.What to expect:Property walkthroughsReview before photos and discuss transformation plansDive into real deal numbers—costs, profits, and challengesNetworking with industry prosOpen Q&A session to ask anything about the process

Explore creative financing options like seller financing, partnerships, or the BRRRR strategy to maximize your resources.

@Jason Burkart To maximize tax benefits, consider buying the property as a rental and leasing it to your mother at fair market value (FMV).