I would not shy away him from seeing the hard parts of RE.Main point....get him involved at a high rate.

Although my spare time to complete such projects follows seasonal work highs and lows, it would be smart for any type deal I consider to involve adding value myself to the property.With at least 100k (possibly up to 140k) of equity in our home, I have done a fair amount of research in HELOCs and refi.

Only one of these methods involves "saving" money, and most BP users don't pay enough attention to it. 

Hey Randy, I'm glad to connect and discuss potential ways to get involved and learn about real estate investing through flipping.

To meet material participation, you need to log at least 100 hours of work and do more than anyone else involved.

@Roger Garner the strategy will really depend on what level of involvement you want in the project.

. - which I suspect you're already inclined to do.You can also investigate various methods of pipe replacement / renewal that involve trenchless technologies, such as pipe lining, pipe bursting, or directional drilling.

.: Quote from @JD Martin: What I would probably do is just set up an LLC or Trust involving your kids such that the property and benefits were owned and distributed by the laws/rules governing the LLC or Trust.

Hi Jessica, I put the house on the market instead as the MTR strategy involved significant upfront capital that I wasn't ready to for.

Additionally, E&O will become problematic when you sell your own real estate and view it as a conflict, especially when you are involved with the development team.