Trying to stay at arms length (close to relative type deal) but want to watch over an elderly person.

Everything you said shows she owes the money, and so do you. 

Hi Caleb,From our experience, when flipping properties the most efficient ways to spend your money are the following:Focus on kitchens and bathrooms, as these areas consistently provide the most value for your investment. 

Once I run out of money, I can partner with others with capital and I can manage the deals for a piece of equity and fees.

thanks for the replies, to clarify a bit more, I'm mainly looking for an agent who can be my eyes and ears in the case I'm not able to be there in person to view the property.

I got into detail of what they were looking for first.. then I qualified that they had the money and were ready to go ( like a good car salesmen does) then I picked 3 properties ( back before the internet ) One I knew they might like one that pretty sure they would not and one I knew fit all the criteria and they would buy. then I asked for the order point blank and wrote it up usually on the Hood of my car.. contract with NCR paper and off er went to escrow. 

I personally think they do not like the demographic of the area but I had asked them to do their research before they moved in.

I hope to make a bit more on deals, but not loosing money with a huge learning curve is a positive.

Have you ever considered using private money loans for your real estate deals?

He's making more money with it than any of his other short-term rentals.The riches are in the niches.