I just used Ground Floor Finance for a flip, they offer crowd sourced private money, what I liked about them was that it is a balloon payment due at the end of the loan term so you do not have to make monthly payments while you have the money borrowed, you just pay back the loan plus the accrued interest when you sell your flip.

Out of curiosity, how did you decide that this was the property you wanted to renovate?

Out of curiosity, what type of business are you building with your parents?

Any expenses you incurred during this sale period are either capitalized or accrued as selling expenses, but both reduce the taxable gain on the sale.  

Since I am not accruing debt anymore(on the house) and I received cash, it was a 1200 per month swing.I don't have any cash in my 1/3 of a 175k note.  

Neither of us have experience (we are both science guys), although I have more of an entrepreneurial edge about me, which keeps my curiosity alive and well. 

- Length of term (15-30yr... etc) - probably whatever is affordable mutually agreeable- Calculation of amortization schedule - I think this is standard schedule just like a bank, daily compounded interest accrued and assessed? 

It peaked our curiosity on just what was happening and the motivation behind it. 

I keep an eye on that market even after I stopped investing there (curiosity and I like to follow the market as I will be moving back), and I still see good options popping up all over.With that said I am in Orange County NY now and have visited a handful of homes that fit my criteria.

All expenses would come from the plan and all income generated would accrue to the plan.