Anyone recently added to Fund IV?  

Owner occ developments there is no value associated to the income approach so these props generally speaking will appreciate a lot more as the neighborhoods are much more desirable. builders the last thing they want to do is sell to investors if they are creating owner occupied communities.. rentals degrade the neighborhood and they will be sabotaging their own values to allow a bunch of investors to buy and rent out in their communities.So when you buy new builds keep in mind if its a build to rent community they will NOT appreciate like owner occupied neighborhoods.. might be best to find something already 3 to 5 years old where the stigma of renters dies down.. that would be best to protect your investment.

After considering some of the variables and running the numbers again, I'm looking at pulling a HELOC on the property as a way to hold on to the current property, but also have flexibility in investing in some other OOS markets.I do think Bend will continue to appreciate and grow as a desirable market so I'd like to hold onto the property (plus it has great cash flow!).

That's the only real answer to make anything work in a place like Boston.And to answer your question on returns, 4x-20x leverage (including owner occupant loan options) + appreciation is what makes real estate a better investment the index funds and worth the hassle.

-Rehab funds are usually held in escrow, which will require you to request draws. 2.

@Kyle Carter just because a building has all section 8 tenants doesn’t necessarily mean that the cap rate will be higher on exit but it might attract a buyer(s) that are focused cashflow and not appreciation; therefore a lower price to juice the yield.One of my non negotiables if I were you would be to only buy in an area that is desirable.  

The new design takes the home from a 3 bed, 2 bath to a 4 bed, 3 bath, 2,400 sq ft rambler on a large lot in highly desired area.

Your path will likely get you to where you desire, it will just take a little time. 

Finally on 5/14/2021 (day 348) the refi was closed and funded. 

Due to the creativity of the deal conventional funding is not an option.