Even if you want to roll the dice, at least is a calculated risk, not a surprise down the road. 

However, it is a potential nightmare for your parents since they are taking a risk. 

I never go off of a flat percentage on anything, I analyze the costs to get to a specific return I target and analyze the risk that is involved. 70% may be an initial metric to see if it is even worth pursuing, but every deal should be evaluated independently based on costs, time and risk involved.

If I have a JV with other investors and we need to pursue legal actions, I always involve the other investors when interviewing attorneys.

She is exposing you to risk just as she would be if she breeding fight dogs or making meth.

I know your involved at a high level with Board of Realtors and state regulators .. 

The risk analysis and mitigation is all over the map.We have done very well over the last 15 years.

Differentiate between different risks , economic risk, structure risk, incentive risk, etc.5.

It's worth comparing terms between your current lender and others to see who offers the best deal in terms of rates and fees.Purchasing a Property: Whether you purchase through regular listings, an agent, or an auction depends on your risk tolerance and expertise.

I happen to be looking for gap funders myself for a number of my house flip projects in Houston, TX and finding gap funders or any kind of private money involves a lot of networking and putting myself out there to meet potential lenders.