I'm sure the debt you'd have to service on this loan would be less expensive than a hard money loan, also this option keeps your cash reserves higher thus your risk exposure down - as you would only have to make monthly payments and come out of pocket for the renovations.Just make sure to do the necessary renovations to get the dollar value you are seeking on the sale and I'm sure this opportunity could be the one to get the confidence under your belt to continue investing down the road!

Raising capital has important legal considerations so seek out a competent attorney w/SEC experience in doing syndications. 

@Brenda Wright Why are you paying cash for properties and seeking a HELOC right after? 

it probably would be worth your time reviewing rents yourself without her assistance if you are seriously interested. 

And if he gets to the point where he will need to go somewhere for living assistance, we want the ability to rent out the house without any issues.  

Do you think it's possible that you could negotiate that no one other than CPA work on your return (assuming you really do trust *his* work, and just not the work of his assistants)?

Seek out this person and say to them " I am a new investor, I'm trying to get my feet wet but I want to start analyzing properties so that I can narrow down exactly what I want.

We've had tenants request such when they were applying for housing assistance or other assistance with their living expenses or educational expenses.

You can leverage family and friendships (willing) to assist in research on city, schools, markets, etc. 

DM me and lets see how I can assist.