And I'm not saying it would give you more equity, but IF you could build 5 houses and have profit on 5 new builds wouldn't that be better than 1? 

We form an LLC (or TIC if that is better) and I do all arrangement and he gets t still share profits with no active work on his part?

Raymond Hill Everything the debt service and PROFIT!

Share the profits.

Hi @Chris Mason narrowing down an strategy is exactly what I'm trying to do that's why I need to gain more knowledge about this subject, I'm a very analytical person and just like playing chess I like to analyze all the scenarios, always thinking 1,2,3,4,5 steps ahead then set up all my pieces  in place and then go for the checkmate (In this case landing a good deal, lowering my risks and maximizing the profit or cash on cash ROI). 

I have access to inexpensive money, however I would want some immediate income to pay off the costs of the money, and I know there's no way to guarantee this.3) I live in Hawaii, and worry that my distance will end up costing me all my profits.  

They are planning to sell it after 3 years when most of the profit will come from the extra 2M of the selling price.

@Juan Rosado, I am not from that area, but numbers are numbers and you can manipulate them a ton of different ways to justify a deal, but I always like to say "If you need a calculator to see if it is a profitable deal, it is too lean" . 

- very easily pulled up in public records (she should be able to pull it up for you while you are together  (1 minute)(**********************************The odd thing about it for me is that she is willing to give up $12000 of profit, when she could just put the expenses on a credit card until the home sells, or take a cash advance which would stll be cheaper ********************  something may be off here. 

Account Closed, was just trying to point out that if you are want to make your first flip also your primary residence then going multi-family can ease your monthly nut and be more profitable in the long-term, even if selling is your end game.