It's a great market but you need to be liquid and you need to either build your own wholesale outfit or be at the top of the buyers list at 2 - 3 pf the best wholesalers of the area.

For houses that by 2008 to 2010 went down to 20 to 40k I know I had to liquidate a few and take some pretty big loss's there..

Liquidity redemption (if even possible), you would have to face a 30-60% discount of what you put in.You might want to reach out to sponsors to private sell to other LPs.

Please be careful liquidating all of her retirement savings to invest in a project you have no experience in.

Simply, a percentage of the profits; so only AFTER the investors get their investment back + a “preferred” return of usually 6-8% annually.Here is how our equity (as opposed to our debt/loan/notes) syndications are set upwe as syndicators get a either a 3% broker fee or 3% acquisition fee at purchasewe get a management fee competitive with outside managementwe get 10% of gross rents as ASSET management feeonce investment is liquidated we receive 15% of proceeds ABOVE or AFTER investors receive their capital returned plus 10% annual calculated income including any distributions of earnings. 

I'm not a huge fan of paying cash since you lose liquidity. 

I plan to have $60k in liquid assets to be able to invest.

Not the first won't be the last.This will depress home prices as people liquidate their STR's in the area.

It's good to become an investor once you amass enough liquidity to run your project, get the title to the house, pay crews full salary, order materials, fix and wait until your property is sold without paying a penny in interest rates to HML.

That is something that people might come across, sometimes elderly sellers just want the liquidity as soon as possible.