Why not borrow the money to make more money with it?  

This way the property is owned by the LLC even though the borrower on the debt is you personally.

You want to crush your job so you keep getting promotions and keep making more money so you have more borrowing power.

Borrowing from loved ones is a minefield if not done properly.Ask me how I know this...

One lender hit one of my clients that I was doing a JV with... for 800 dollar property tax monitoring fee.. really on a 12 month loan.. but what happens is borrowers just focus on the points with no clue to the junk fee's  or using brokers who add fee's and points on top of the actual lenders fee's again bait and switch.

Title insurance protects the lenders in case issues with ownership arise after the sale.Underwriting fee: This is for processing the cost of verifying the borrower’s credit history, income, and other financial information.Discount points: Many investors pay more money upfront to buy discount points and reduce the mortgage interest rate.

Just curious how it really  turned out if it only made 10K average investor who would have had to borrow money would have been in the hole on this flip..So if you care to share the details I bet others would be very interested.OH i see your with velkesman I know those guys they charge money to get into their program.. 

So, you cannot borrow more then 290k plus closing costs in this case.

Although the investor is in the drivers seat, as the borrower you should be helping to provide a good experience as reputation is everything. 

A lot of borrowers shop lenders for days to find the "lowest rates" just to find out 3 weeks later that the lender cannot perform on their promise.