Lenders are motivated to see the project succeed since they’ll benefit from the upside.

Hey Miguelli,My advice...1) Do not use a HELOC unless you are doing some sort of value-add activity.

Actually, above that I'd love to see an opt-out clause if X of the raise goal is not achieved before closing.One may try to say it's a bait-and-switch of sorts, on risk levels, to close w/o the full funds IF the chances of quickly closing out the remaining raise are not realistic.

Assuming since you're asking, you're not interested in some sort of traditional financing?

The old saying of buying the ugliest in a great location fits this property, but after reading other posts I know there will probably be difficulties with gaining clear title from an Upset Sale in any sort of timely manner.  

Sort of. 

I work with investors that are in your situation, more often than they realize it, with the same motives.

We are just forum members who contribute a ton.I think it is important to point out that these sorts of lists that they can make you aware of new areas, but they are not the end all be all of decision making.  

Unfortunately when I went and checked reviews for them they were overwhelmingly negative, some of it was stuff you mentioned in your post above, but a lot of other reviews cited downright dishonesty, like the service taking money, not providing the list and not responding to any sort of email contact.

I know you already said it was great for motivation, but was the actual content valuable?