I think so far what sounds fair is the 51%-51% deal @James C. called out - like how I treat my children when trying to split that last piece of cake. 

Which I get but im afraid if she waits any longer the thing is going to be worth nothing in a year or 2, she is going to have this piece of property that is worth less than she owes because its going to fall apart, and she won't be able to rent it to anyone.

With that said though, it will give you some piece of mind if you knew where you were getting the money from ahead of time.Just keep in mind that a pre-approval does not mean that lender has to give you the funds.

January 14 2023 at 9:30 AMmy question is how long is a piece of string?

My biggest piece of advice is start networking like crazy. 

After meeting someone once or hearing about someone, you may not know yet if they'd be a good fit to be a mentor to you.One piece of advice I can give you is PLEASE do not run up/reach out to someone you don't yet have an established relationship with yet and say "will you be my mentor?" 

That piece of advice helped me to land this deal despite several higher cash offers that were submitted.Here are some pics along w/my before & after collage.  

Look through your local MLS and look for a most piece of property and pull the trigger on it.

.- DC/Alexandria, VA- Blacksburg, VA- Richmond/Henrico, VA- Gainesville, FL- Austin, TX- San Antonio, TX- San Francisco, CA (I live here)I'm willing to look outside those markets, but would love to hear reasons behind that.Thank you Just invest in San Francisco county like Peninsula,  imagine May 22 avg price is only $2,416,000, last year on same month it's $1,900,000.You bought piece of 1 bathroom in Peninsula year ago and u made half million in one year without doing anything.Bonus: there's no snow in Peninsula lol :) Days in market: 3 days..... can't beat it lol

If it is more significant like a cracked piece which is falling out now, then I'd look at repairing it on your dime.