Currently he only needs funding to help cover the rehab completion.Here's a summary of the dealARV: $315k (I've verified that this is in the ballpark +/- 10k)Purchase Price: $130kRepairs to date: $32kAdd'l rehab estimate: $25k << my pieceProposed terms from my colleague:I am offering 13% annual on a 12 month note with a guarantee of minimum 10% return.

They returned the forms.  

I am in attorney review for a property that is a great deal (30% cash on cash return).

As for taxes, there is no practical difference in tax burden whether you own this personally or in an LLC taxed as a partnership (other than the added LLC taxes from the state) because it is a pass-through entity and the taxes follow on to your personal return.

"Caviar seeks to reduce investment volatility (“beta”) while capturing higher than average rates of return (“alpha”).

It's a lot of risk with not a whole lot of return. 

But now looking at numbers, it seems to me that it might not be best of the options, as it is currently providing cash on equity return of about 2.4% (long term appreciation not included).

I'm hoping to keep them in mind when buying or selling mobile homes and avoid running afoul of the laws of my current state to which I've recently returned. 

You should also have been and continually shopping local smaller banks and CU's working with their commercial lender on something that works, if you have some cash saved, a decent job/income, and a good credit score, you should be able to get fix and flip loans fairly easily from a small bank.

Another thing I'll add is that if you look at their tax returns, I'll bet you will see that she isn't paying taxes on a lot of her retirement income.