Just like VG Jason said, do your own due diligence, trust but verify and run your own business.

If we have to pay for housing anyway, we might as well make the most of it.

This sounds great, but keep in mind you now must pay capital gains on that profit.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Many people are in low rate, fixed loans so they don't have a fear that their mortgage will adjust to where they can't pay their mortgage any more.  

It's gotten better over time for me to connect with buyers, earn their trust, and figure out what drives them.It's not enough to just talk about numbers in a negotiation; you also need to know what the seller is going through and what their top goals are.

It can be a great option to subsidize your housing costs, gain appreciation, and benefit from someone else helping to pay down your loan. 

To me, that's a LOT of money to pay.

@Jesse Jamrowski 9% would come from someone paying my principal portion of the loan.

@Renee JonesSounds like you need hard moneyA hard money lender could fund this but recognize they won’t pay a contractor upfront they will only pay when portions of the work are completed.