Make sure with a blanket mortgage that you're able to sell off a property if you desire.  

Unfortunately, along with individuals in your shoes desire to advance their projects as quickly as possible, the contractors are often eager to get the work started and the combined desires of both parties frequently leads to rash decision making.

A newbie or a person who is more risk averse could feel more comfortable investing in this type of a project than a deep value add or a project in a less desirable area.  

I found it on the MLS, it's within our desired location and it's been on the market for almost 50 days.

I am in the learning phase with syndication deals and I am not accredited yet I find these deals very attractive for my desired investing goals.

He purchases a duplex primary home this year and in 1-1.5 years he purchases a nicer larger 2-4 unit, maybe in a more desirable area – that would make sense and generally get approved with primary home financing assuming of course he was going to occupy a unit.The whole strategy he plans to employ requires a “move-up” each new purchase and he already has a SFH which causes a big hurdle in the “move-up” strategy so once again selling that would behoove him.The plan he didn’t mention which is really the only plan that will work in the short term is:Sell current primary homePurchase owner occupied 2-4 unit with 5% downPurchase additional; 2-4 units with 25% down with the remaining proceeds from sale of primaryI am happy to make an introduction to Richard if you would like to discuss further.

They tend to have limited leverage and higher interest compared to other products like HELOAN or DSCR, but if you desire a LOC, I'm sure they're out there.

Anyways 175k for a 4plex is very cheap.... cashflow is strong but when it's so cheap... it might be in a not very desirable neighborhood.

Gotta find Hilltop priced properties in more desirable, appreciating neighborhoods!

The cheap homes look good on paper, but cost a lot more as they often attract less desirable/more problematic tenants.