There are less expensive hard money lenders out there. 

The six month cd isn’t the point my understanding is that I can’t just take out the HELOC, I need to actually use the money for my plan to work and a short term CD seemed safe and reasonable 

Something I wish I knew is how much money I would be investing.

We have been able to save up some money for our first turnkey multiple unit building.

Money is money.

The algorithm has no idea if the problem as a dysfunctional layout or just the fact that it is dated and nobody has spent the money to update the property.  

I wanted a house for myself to live in and I had been living with parents for two years to save money.

Why would someone buy now and make little money for the chance that the rates will adjust later?

You do the course and you decide you want your money back. 

Of course most GPs have personally put in money to keep the deals from sinking.