She can put it in her children's names (there are three of us), but we haven't taken the steps to do so just yet as we are unsure of how to do it in the best way.I am interested in the concept laid out in this post and am wondering if there is a way for me, as a new investor looking for my first property, to work out some deal that helps my mom's situation as well.

If you're interested in concept, you should join the MeetUp group & try to make one of our work sessions. - www.meetup.com/East-Bay-Real-Estate-Coworking/Outside of that, if you're ever in Berkeley, I'm always up for meeting for a cup of coffee.

I understand the concept and believe notes are for me.

This is a great time to get into a decent deal in a good hood IMO.4- be careful about comparing stock concepts (growth vs income, etc.)

@Derron Taqee I think the concept of paying yourself first is from an old business book, "The Richest Man in Babylon

Please send me a message if you would take this quick learning, smart working newbie, who has basic concepts down but has a ways to go, under your wing.

What helped me get a grip on things was:Reading REI books such the ones on this: LISTGet engaged here on the forums to better understand the concepts/things you're learning in the books.

In effect, I’d be paying approximately 7% interest (annualized rate) for the $25K.Option 2 – Obtain a similar loan with a private investor (for only the $25K required for repair) and pay off in three years.Although I initially discounted option #1 (upfront costs seemed excessive and I didn’t like the concept of borrowing more than I actually needed), I’m now seriously considering this option… but with a twist.

I agree with the concept of rapport building.

Turnkeys are a fairly new concept and with the real estate tank over the past few years, turnkeys became an extremely profitable business.