My next question is what kind of cash do you have available? 

We sold one for $257k in cash and are holding the other one as a rental.I’m curious about others’ thoughts on build-to-rent (BTR) projects, especially on infill lots.

Raising capital thru syndication is a lot more realistic if the sponsor has a significant amount of their own cash to invest.  

These can provide good cash flow and are easier to manage than larger commercial properties, especially when you're just starting out.Also, when I was starting, I found local meetups super helpful.

Or just any suggestions for the best bang for your buck areas that offer at least a little cash flow and appreciation ?

Paint, Plumbing, Roof, Flooring, appliances.B- neighborhood.55,750 down payment + 20k in repairs.  75750 all in.Median rent for the neighborhood is 2k.532 cash flow.I already asked them to drop the price by 15k for us to remain in the deal. 

So I'd be pulling equity at 9% and only get paid 5% if I used the HELOC and kept the cash in my high yield account. 

He is at Univ now and I just feel like cashing out of here. 

It hedges any downside risk and increases cash flow.

Purchase price: $205,000 Cash invested: $60,000 This was the first property I purchased.