Here are some things that have come up in my rehab that were unforeseen in the many walk throughs with our 203k consultant, 5 GC's and me:Plumbing system had been frozen EVEN THOUGH the property was winterized.

Even if we are working with a tenant who has a special circumstance and pays rent late with the associated late fee, we don't let rent go unpaid past the 15th of the month. 

Just Google "transactional funding" and start talking to the different lenders to find the one that works best for your circumstance. 

That is, if the LLC is treated as a "pass thru entity", it's expenses, etc. may figure against your other personal income in the right circumstances if your tax accountant says you did everything right to make that happen.I'm not a financial professional - you'll have to get that input on your own.

My mom starts telling me about what am I going to do when things break, or if unforeseen issues pop up?

Many have all sorts of exceptions for various sorts of signs under a variety of circumstances.  

Just an odd set of circumstances. 

Due to unfortunate circumstances she had no insurance on the building (apparently she only had structure insurance through her lender and she had just paid the property off a few months before the fire…not sure of the specifics) so she had no way to rebuild.

Vendor relationships can be tough under normal circumstances. 

I've thought about paying him 3% of the 50k annually as a sort of "interest only" payment, then eventually (10yrs ish), using a home equity loan to refinance and pull out 50k + 20% of new appraisal rate to pay them off as a return on their investment.How do you guys feel about this and is there a better way of structuring the investment better suit the circumstances?