I understand that your wife may be worried about failure, but any kind of investment comes with a chance of failure so the risks must be understood prior to jumping in and the fear must be overcome with the confidence of being successful.Since you're starting funds are $0, a HELOC can be a great tool for getting started, but ultimately you will need some kind of funds of your own because you must pay the HELOC each month during the flip.

appreciate your replies, i understand i need to know the market better, but following on to my question, how do i zero down on a market?

The idea is that, my wife can throw her little brother a bone, without....hmmm....putting us at risk.Discuss...I'm looking for all the differing strategies here, but please understand that there won't be any family favors going...it's business.Thanks team!

Plus I understand the power of good Ad copy and storytelling.  

Buyers who don't understand 1031 exchanges can still raise red flags. 

I'm sure there are a lot more technicalities to it, but that's my general understanding. 

BP has a few podcasts about it, with this being the most recent: https://www.biggerpockets.com/renewsblog/biggerpockets-podcast-252-house-hacking-your-deal-life-hacking-craig-curelop/Unable to use it now, but from what I understand an FHA loan can be used up to a 4-plex as long as you intend to live in it.

I understand it’s a heavy vacation time of year, so after not hearing back right away, I didn’t think anything of it.

As I understand it, flips and lease/options are strategies mostly for smaller properties than the one you describe.

@Matthew CottrillI understand with the desire to bank locally but why must they hold the loan?