Hey BP community,I’m looking at a short sale property in Florida and considering making an offer.

I am new to this industry excited about getting started and to my make my first deal and start to build wealth for my family  Congratulations!

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 

A good REI bookkeeper will help keep everything neat and tidy throughout the year so you can make educated decisions in your business, potentially creating more profit and less headaches.

If you wanted to fund a portion of the down payment would you suggest a hard money lender, personal loan, etc.?

I don't see that happening any time soon based on your 2022 to now trajectory, but you do want to find a way to make it profitable.

See what the $19k was for first, it may have been neccessary, but still that does not make it ok for them to do it without a signed CO.You can ask an attorney a few questions using sites like Avvo or Rocket for not much $$$.

They will see a large pipeline of local deals, and they will buy some as rentals, flip others, and flip the contract (wholesale) a handful where it makes sense.

Make a post over in the commercial section.  

Make a long list of all the lessons you have learned.