@Martti Eckert I live in Los Angeles and have done a handful of BRRRRs in Missouri so feel free to reach out with any lending related questions to pulling off BRRRRs in Ohio. 

The best contractors don’t just throw their hands up when issues arise; they come up with solutions and keep the project moving forward.5.

I am a little older, a little more knowledgeable now, and I’m reading everything I can get my hands on.  

Since this is a short-term flip, the IRS usually sees it as active income, but if your role is truly hands-off, there might be a way to treat it differently.Have you thought about how you’re structuring the deal?

I have contacted family members in the past with literal hand written letters.

I was in a leased building, counting on a hand-shake deal to buy the property in the future.

Depending on how hands on I am.

.: I haven't passed this past legal review so for what its worth: Part of my standard requirements for everyone include income is at least 3X rent, minimum credit score, say 640, Clean record and no evictions as well as deposit is paid in full at signing of lease and 1st month rent is paid in full prior to handing over the keys.

From what I read and understand, this means I'm likely going to struggle with getting a loan, not even considering the inability to pay any down payment.On the other hand, my parents have significant liquid assets, (think on the order of > 500k), that they are potentially looking to diversify into real estate.

On the other hand, there are others who have tried it and it just does not work for them.