Would that even qualify as a "cash" offer?

What this means is based upon all of the facts and circumstances, but if you buy the new property with the intent to sell it, it may not qualify as held for investment.

For example, I don't have any W2 income from last year because I left it in the business for R&D.I'm providing all of this info beforehand so that interested lenders could perform a quick litmus test to determine whether I may qualify for a HELOC with their company. 

In a nutshell:Home needs major rehab.Mortgage is paid off.Has a job.Property is a 2 unit multi family and the 2nd unit is rented out and cash flowing.She says she has no credit history due to not using credit cards/LOC's at all.Says she has not been able to qualify for loans (HELOC, LOC, etc.) yet due to no credit history.The front unit, which she lives in, is in major need of an overhaul.

jordan, you beat me at my first year.i sold my first only rental a single wide trailer on own land feb 2017 which only paid loan earned $ 7k, profit on depreciating asset, all while living down street in foreclosure i bought earlier, zero down, since it had 2 "homes" on 15 acres  i had it surveyed with new deed and subdivided  the 3 acre back lot camp barns, then went credit union put debt consolidation note on camp since owned outright, no appraisal or inspection needed,  cleared ratios to refinance the bigger nicer one home, used that money cash out to help me buy a 3 unit, financed fix up money, then moved into 3 unit, rented primary home, rented 2 other units, then with 3 rental units income qualified just bought 3 b1 b house to rinse and repeat now in process to refinance my fixed up 3 unit. now i just incorporated after joining bp, thats all in last 15 months. now if i can get enough cash out refi on my 3 unit im praying for good appraisals to buy reo down street to rinse rehab and repeat and im still not sure im doing it right. im still using banks or credit unions. love find investor to simplify process and reduce paperwork.i tried listing my camp on air bnb but no one wants rent off grid river front home. lol.now got hire crew and management. 

I just obtained my real estate license, and while reading up on how to hone my skills as an agent, I came across bigger pockets and have started to consider the world of REI.

Make to suer to read this in its entirety for the full value... you might miss something important 😃So to start you first need to set some things in stone and ask yourself some qualifying questions for your landing pageWhat kind of business are you creating the page for?

I bring great customer service skills and I am looking to be an intern of sorts.

Lower than banks can offer.Since you haven't  mentioned the other son's credit, job, ability to pay- I'll assume he can't qualify.

Assuming you/your property financials qualify.....you’ll need 25-30% equity at that point to avoid coming up with additional cash.