Was wondering if someone could help me with the best way to approach a family member to potentially fund a fix n flip investment while I do all the hiring of contractors n managing the property 

thanks @Chris Tan, i just wanted to make the distinction, wasn't sure if it made a difference.It just seems like an easy way to fund a purchase without having to deal with lenders (private, hard, banks) and without having to use cash.Thanks!

We purchased a 3 bed 1.5 bath home, 1500 square feet on half an acre:Purchase price: 66K; 20% down paymentRent: 850.00PITI: 390.00Vacancy: 10%PM: 8%Repairs: 10%Cap Ex: we have a separate account set aside for this that we fund ourselves and contribute to monthly.Rehab costs: 3K (paint, flooring, cleaning)Monthly cash flow: 222.00Cash on Cash return: 16%I'm happy to have our first deal done.  

I'm a licensed agent and I represent hedge funds and private investors here locally and some from out of state.

For the hard money / rehab I'm looking for 80% funding on the purchase and 100% of construction.

Now that said that can be all your funds, down payment assistance from approved Down Payment Assistance source such as your county, State, City Housing Assistance or gift from a relative.

However, I have found out that someone can pay via chase quick pay even though they don't have enough funds! 

Also, really looking forward to learning how to get more creative with financing, finding private funding and overall acceleration of acquisitions to achieve my goal of being able to do this full time.

Time and energy are valuable commodities so if you don't have the desire to do hands-on rehab work or manage properties, vet tenants, handle maintenance issues etc, then self-managing or flipping may not be for you.

I've been called that from about 6yo.My personal preference is to start small but not knowing to much about the game here is limiting my view on how far I can make the 200k go without being able to borrow funds (and which market I ultimately choose to invest)I have completed a 2 page business sketch stating that I'm happy with 2-3 projects in the first year as I'm not putting a ton of pressure on myself time wise.