You have found a market out-of-state and have talked to an investor-friendly Realtor you met on Facebook that seems to check a lot of boxes for you and your goals.You worry about making a good choice and how to complete your due diligence on this agent and opportunity.All of my out-of-state buyers buy without ever having seen the property in person but I know they will at some point and want them to have a good experience so I frequently do FaceTime walkthroughs with them before buying and use a very comprehensive property inspector to avoid surprises.

If you are borrowing money, you are going to be using equity of some sort.

You should speak with a CPA and a tax attorney to be safe.Regarding your thoughts about 1/3 equal splits - sounds good until you check out the cost of getting a DSR rehab loan or borrowing hard money.

We view everytime a borrower pays off on time as a win.

What rate, term and amount borrowed did you get for the ADU build and what was the cost?

From what I see all the people answering to me here (and there are so many) are just coming against and refusing to agree with my simple statement: "a landlord is not above the law or norms by its personal choice or presumed capability to judge what he don't know" or as well "a landlord cannot deny or miscarriage a service to a stranger without a known valid reason and at the same time pretend to be operating professionally or loyally to the moral"Basically I'm telling if you are not able to do your business correctly it would be better to find someone else than you, mainly when your ideas about "squatter" or fair treatment are coming from ignorance or completely invented. 

In the Netherlands, for example, banks typically offer refinancing options with a Loan to Value (LTV) of up to 80% in some cases, depending on the property and the borrower’s financial history.

Borrowing from family for a smaller purchase isn't the worst thing.Cash flow has been tough as of late with the higher interest rates.  

We want our borrowers to succeed and return again and again.

I get it though, that’s the price we pay for having the privilege of being able to borrow money.