If you can hold the property for over a year, it will qualify for long-term capital gains, which are taxed at a lower rate.Consider holding the property to qualify for either the long-term gains rate or the 121 exclusion.

I've done flips, long term rentals, and now I own and in house manage a short term rental in Michigan City.

As long as you mom can qualify on her own (with her credit score), I don't think adding you to the loan application would hurt even though your score is not good (but I would still double check that).

I would read all you can about different strategies and markets for a bit and then figure out which strategy is most enticing to you (flipping, short term rentals, long term buy and hold etc.).  

Private money may cost you more in the end, but as long as you know the terms and are fine with it.  

We are excited to begin working with you!

As we get older, we no longer have the desire to add more homes to our portfolio.That said, with our experience doing rehabs, working with private funding and with the majority of our homes paid off, we are now in a good place to start offering investment funding ourselves. 

Are you looking to lead with long-term cash flow, equity growth, or maybe both?

I'm thinking of cash-on-cash ROI here in the long term (I'm in a medium-appreciation environment which helps).

Flooring is an exception to this since LVP is higher priced, it does last a very long time for something that will get beat up over the years.