If the person managing the synidation does not have a pre-2007/2008 track record, that is not one I would get involved in.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

The property manager will be involved for years, and they want it to be something easy to manage.

I assume there’s no realtor involved or they’d be upside down.

Ensure that the savings from the new loan outweigh the costs of the prepayment penalty and any closing costs involved in the refinance.6.

This year they’re real estate syndicators; three years hence they’re running and selling oil drilling participations, after that they’re involved in fin tech.  

Another path might be a short-term solution like a bridge loan to fund your next acquisitions while holding off on a full refinance until rates or terms improve.Given your goals to scale rapidly, keep an eye on maintaining cash flow while growing.

(We used our cash on this one and are using a dscr loan on the next one.)Deal number 2 has already been purchased, and we are eyeing deal number 3 right now. 

The strategy involves using the HELOC for a flip to generate fast cash, reinvesting profits into long-term rentals, or exploring alternative ventures like short-term rentals or partnerships.

And treat this as 1/5th space as a rental.Or down the road, would it be better to have the entire property (home & garage/room) rented out to everyone involved and the property become an investment property.