I also have a lot of skin in the game (and other collateral) and would make sure the capital extracted out during the cash-out refi would pay back the principal balance or her HELOC first and foremost… and of course, compensating her with a big hug and a thousand dollar bill.Just trying to think outside the box.Thanks,Andrew

If there's a price that the bank has not yet approved, it could just be a shot in the dark. 

Some lenders have reserve requirements and ask for the sourcing of the downpayment. 100% financing a property isn't impossible but lenders like to see the borrower have 'skin in the game', as in their own cash invested in the subject property.

Besides painting the doors the same colors (LOL) what do you recommend?

You want to study what other investors and the builders are doing so you know what colors, features, styes etc are popular in your area. next is to learn how to get deals direct from the sellers and the MLS as well.

That is unlikely to work because lenders want you to have some skin in the game, and you need to make them aware of what you intend to do, most have restrictions about borrowing a down payment.

Looking at it on an apples to apples basis with alternative options, you'll want to consider points, fees (loan app, appraisals, draws), skin-in-the-game requirements, whether it's a dutch loan or not, if there are extension options, when interest payments are made, the risks involved in the deal...so, for example, would you rather pay 20% interest on 6 months at the end of a deal with no fees....or make monthly payments, put say 20% down, have some fees, and pay 10% to 12%?

I like the colors.

They have more skin in the game then you do.Make sure you get clear title.

Flipping houses and doing a value add multifamily deal are very different transactions that require different skill sets.Does the Mentor have any skin in the game for this deal?