I’d say hold off.

There’s been lots of support in this program so I’m pretty excited. 

I'm thinking flipping might be a good entry into investing to build capital to buy and hold.  1.

We open support cases with everyone and that seems to work best when all sides are looking into things. 

I'm buying index funds that I'll hold for the long-term.

My parents are interested in supporting me and they are at a stage where they have a comfortable amount of money, they have excellent credit and they have no plans of taking out a loan in their lifetime. 

That is why holding longterm is important. 

It is definitely possible to get a fix & flip/hold purchase loan on something like this but on a conversion such as this one you will definitely need a contractor or some subs for the experience factor and all-star credit so lender can feel confident that the project can be completed.

The only way you can get anywhere on this is to have an early discussion with the seller of whether they would consider holding the note, but you'll need to figure out what appeals to them to get them to do it.

I currently own 15 rentals with no debt and plan to hold paper.