Hi, it is your choice.

The bank would still want to know about the commission to include it as an expense on the final closing disclosure.All the best!

Either choice you make will be a good one.

I know which one I would take out of those two choices.  

was it poor choice of notes.. or do you think it was straight up stealing money from their investors ?  

As the great philosopher once said, "mo' money, mo' problems".I think the reduced leverage plan is a good choice to free up some DTI but obviously the extra fees on DSCR could start to add up a little.

Ever wondered if single-family or multifamily is the smarter choice for building your rental portfolio?

Get the inspection but remember they are looking for hazards and not considering what repairs will do to the final value or monthly rent.

. :)   I'll likely do the HELOC and not worry about the extra taxes on gains over $500k when I finally do sell someday. 

I would say these are not deals for a retail investor.Regarding investing in syndications, its really a personal choice of being passive and trusting people when real estate is not your specialty - similar to stocks - I do not manage my stock portfolio because I am clueless on it and my wife is 1000x smarter than I am and manages it.