I'm very interested in receiving mentorship and am willing to pay for expertise. 

However, I do believe that $15K and 50% of any net profits on and unknown number of deals is a steep price to pay, more especially when there are no leads included.

We have already agreed on a price, and now I’d like to see if I can either get her to pay for some of the fixes, lower the price, or see if If there is a way to integrate the repair costs into the mortgage.

True, you eliminate residential tenants, BUT it is a real business with employees, taxes, etc etc etc.

It's the "bougiest" of the mountains and attracts a high-end crowd—More wealthy families willing to pay for quality homes and less partiers.

Milwaukee inventory has been so low since 2021 that sellers don't have to offer a discount for condition, some uber- motivated first-time home buyer will pay full fare. 

Think about location, state of the property, and tax perks.

The one I used was the University of Michigan Credit Union.The loan to value is lower on investment property but if you have a strong equity position it makes sense.Then, the blended rate between your HELOC and primary loan is still better than the rate on a cash out refinance.Plus, the HELOC is flexible and can be used over and over if you pay it down and you have no payments until you use it.Dry powder waiting for the right opportunity.To Your Success!

Your financing should be based on your goals as well as your cashflow (after paying the mortgages, repairs, vacancies, etc.)

Or they just go in with a piece of mail to that address in their name, and pay the bill, in some case for example.