You can structure it as an LLC or joint venture, which offers clearer tax and liability benefits.Your son doesn’t need to be on the loan or title if he's a silent partner, and you can manage the mortgage, credit, and insurance.

If your goals are long-term - this market will offer a ton of appreciation and steady renter demand.

Hard money lenders are often more willing to take on higher-risk projects and offer faster closings, but the trade-off can be higher interest rates and shorter terms.

A HELOC offers flexibility and interest-only payments but can be risky with rate fluctuations.

With the capital and experience to offer I've seen this work well as a joint venture.

I would like to offer a place to sleep in the living room but I'm not excited about the options I see for sofa beds or sleeping sofas.

Also, you could also hang out at some local ice rinks where people take their kids to hockey practice!

Some of the best ones are offering rates as low as 5.75% at no cost to you, it just requires a 30% down payment.

If you are looking to expand your knowledge I highly recommend the webinars BP offers. 

I was sent an offering memo by a broker selling a multi-family building in an area no reasonable person would even consider affordable housing material yet the marketing materials made a point of emphasis to detail how the property would satisfy the need for affordable housing.