If you are scared of losing everything and that everything is the 16k entry plus closing costs, it's not worth it on subject-to which has to be done correct and requires a lot of management to make sure their loan does not get called.

It is gated, secure, a larger resort, with hotels, restaurants, shops, scuba, snorkeling, a dolphin encounter, etc.It has a marina and golf course.

If you are putting in 50% of the purchase money, guaranteeing the rehab loan alone, and doing all the work, it does not seem fair to you that your investor takes 50% of the profit.Though there are lenders that specialize in second-position rehab loans, most who make these will expect to be in first position.

Loans from the FHA, online investment groups, middlemen, rent-to-buy deals, ready-to-rent homes, and borrowing from private lenders can cost less at the start, grow in value, and give you a steady flow of money.

You’re surely going to create income taxes and maybe Medicare/social security taxes if you start paying yourself for labor/work.

They may be able to help with a business loan 

Mine are 5% of loan balance if prepaid within 1 year, 3% within 2 years, 1% within 3 years. 

Lastly, is this a renovation loan?

I dont list property I loan money to those that buy these properties and so I see the closing hud and what the brokers charge.. 

Heloc I think we could get $175k, maybe DSCR, I am a veteran with service connection disability rating 40% but with my mortgage and car loan not sure I could make debt to income work.