This could work out great for you, just don't skimp on the due diligence.Conversely, the tenant may qualify for an FHA loan.

So, am I correct in thinking that you meant 25% of the home's value, which would work out to about $62,500?

I had a property last year that took 2 months to get a tenant (the tenants didn’t work out) so same house back on the market in the summer.

@Ian HaasTry a few credit unions and see if your proof of funds will work out for you.I also can get you in contact with a well-known contractor who has some of the best prices I've run into. 

Plus partner up with family member usually don't work out as planned.

Just make sure to save all that money you would have spent on rent so you can work out a seller finance deal with your mom, or venture out and get yourself your own property.

I actually have a client who is a contractor himself and he even hires the work out.

You could also ask for their hourly rate (might be around $150/hr) with a Not-To-Exceed limit, and bail if it looks like the feasibility study won't work out before the hours start exceeding your preliminary budget.

Under normal circumstances, CFPB requires 4-month work out period.  

Research, research and work out your numbers.