I think your investment should generate at least your minimal acceptable level of cash flow and then ideally be in an area that you expect will have greater than average appreciation.Hope this was helpful.John

But there are other loan programs out there - conventional (all major systems have to function), hard money, portfolio lending and FHA 203(k) rehab loans.You could minimize your losses by going this route. 

If any or all of those suck, your assignment fee will be minimal.

Well, the condos I purchased with minimal money have been life-changers for me and my family.

Would you use the Total 80% from appraisal to minimize out of pockets which generates less cash flow or use less and more out of pocket for more cash flow?

This is a minimal cost that you will see return on.

The water damaging the floors in other rooms is minimal you can only feel it underneath, dehumidifiers and fans are set up.

He consulted a lawyer and if they are both on the title they don't get taxed for the first 500k of profit, if its just my mom they just save half but then god forbid a lawsuit happens its not protected.In a trust it seems like its protected but there is no tax savings if they sell the house, in a revocable trust they have the tax savings, and probate risk is removed but its not shielded from a lawsuit.Is there anything to minimize all 3 problems of taxation, lawsuits, and probate?

I have a chance to buy a property valued at 308k for 280k, which I would like to invest a minimal amount of money into and flip. 

My biggest thing has always been the minimalizing of my big-ticket costs on my budget so I have the ability to do more with my life.