(Note:  I spent years as a speaker, life coach, trainer...the exasperating side benefit to that is constant self diagnosis...and some vodka for self medication).

Hard to be sure based solely on pictures but those gouges look pretty superficial..... if the floor is level and even between joints etc, at best I would fill those "pot holes" with some wood putty or other filler and call it a day.

EDIT: that aren’t hiding huge or constant repair costs

It walks and talks more like a joint venture agreement that is specifically geared toward a sale after the rehab is done.It’s irrelevant for You to call it a “hybrid heloc” and impose “heloc laws” on it when it’s not a heloc.

I don't like being responsible for the buildings, turnover, constant issues, etc and the numbers aren't enticing enough with PM in place.

Married filing jointly 125k incomeNot looking at a 1031 at this timebetween State and Federal what should i pencil in for Cap Gain percentageReal Estate fees percentageancillary fees percentageThank you in advance

I was over trusting of what my GC was telling me, and he was stating that he was in constant communication with code enforcement.

@Megan LawsonConventional lenders do not like seeing "gifts" from outside parties.They will ask for 2 months worth of bank statements and flag any incoming deposit that looks fishy.From the lender's eyes, if you can't come up with the 20% downpayment, you may have trouble coming up with the monthly mortgage payments which means its a risky loan.It looks like you are trying to create a partnership or a joint venture with your parents.

s Commercial Property Purchase Agreement and Joint Escrow Instructions (C.A.R. form CPA). 

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $80,499

Sale price: $157,500

Contributors:
Jeffrey Houser,
Kaleb Packer

This property was a ...