Asa result, we are seeking alternative methods for acquiring off-marketproperties.While we havedeveloped a robust system for identifying and pre-qualifying potential landparcels, one of the major hurdles we face is reaching the property owners.

When used correctly a HELOC allows you to do multiple deals over and over again.

@Kenneth Bell you are 1000% correct.

Getting the federal return correct is the most important and with owning two properties, there could be some positive tax benefits.

There is a book in the library called "Low (and no) Money Down" that discusses the various methods of financing purchases.

Is 95% the correct number?  

When you go to sell the property, if you produce a certificate of inspection for the wrong number of units, buyer unless you are giving them a great deal and they will throw caution into the wind, would insist on the correct designations.

Your EMD should still be with the title company if it was handled correctly.

I'm going to have take a little time to wrap my head around it but if I'm understanding things correctly this is a very interesting opportunity.  

His methods are unsafe and unwise.