@Daniel Mohnkern   By leaving everything in the name of the seller and not receiving the deed and putting 20k into rehab then you are taking a huge risk, even if you have a strong contract outlining the deal if the seller decided to take the renovated home and sell it quickly on the down low then I would be faced with litigation, attorniey fee's and a lot of time fighting to get this money back. 

RE sales & renovations are a sure ticket for them.I remodeled my personal residence about 7 years ago and that same year it was reassessed and increased by the amount of the renovation. 

I did a large renovation on a very low budget buying most things off craigslist.

So I purchased a SFR about 3 weeks ago and the renovation process has been underway for about that same time.

I have a good amount of cash to purchase my first few home and renovate. 

From what I understand you need to be licensed to participate but don't necessarily have to work for BH.The program states: "We purchase the home cash, put up all the money for renovations, (No Liability to you and no money out of your pocket).

It is a 3 unit but one of the units requires renovation.

I am finishing the renovations on my first flip and have a potential buyer who has verbally made an offer on the house. 

I'm focusing on high end flips ( 2,500 SF +, ARV of $500,000 - $1,000,000) as my specialty as a builder is custom homes and renovations.

I wanted to do this in some North Philly neighborhoods by bringing together the community(residents, churches, small business) to put up funds, maybe crowd-fund, to purchase and renovate certain houses, that aren't teardowns, and put families in there on a lease/purchase opportunity.