Plus she wanted us to make a lot of changes to the current arrangement of the home.

But commercial lenders are fine with these types of arrangements, although they usually want all equity investors to sign on the loan at the beginning.

I am at beginning stages of studying for my VA license and will pay close attention to the fair housing section of the course.Have a goodnight.

Just in the first stages of figuring out how to get it and learning the industry.  

It sounds like we are in a similar stage. 

., and for many that is motivation enough to not sell it the traditional way but you need to be very, very VERY clear with her about this and have her literally sign off on the fact that you are entering this arrangement as an investor with the intent to profit off the property by either wholesaling the contract, fixing the house and flipping it, wholetailing it (you personally buy it then immediately list it with a realtor to resell it), or keeping it for a rental... since you intend to purchase way below market value then be absolutely clear and prepared that she may be fine with it.... now, but that could very likely change in the future.Good luck!

Don't put all your eggs in one basket - this is true at any stage in the game.

Currently, I'm taking on partners and doing a preferred equity arrangement on the project I'm doing now.  

There are complex methods involving a very specific contractual arrangement that can work, but if they don't include such things as operational agreements, commercial facilities agreements, trust accounts, escrow accounts, master title agreements, and full licensure as required by state and federal law as residential lenders and servicers, whatever is being done is not going to withstand any scrutiny. 

The other way I work with investor clients that work with multiple Realtors is sometimes they come to me to write an offer on a property they have already scouted out.Both type of arrangements can be great for all involved.