As a BUY and HOLD investor seeking out cash flow, I have been investing in small multi-family properties that cash flow POSITI◊E from day ONE!  

Deals like this don't come often - need to have liquid cash to be able to jump when the opportunities present themselves.

If he has a large stockpile of cash or liquid assets, this can also help mitigate risk.  

Depending on your liquidity/vesting in these retirement accounts - utilizing these accounts can be a great way to purchase more property, you'll just want to be sure you're covering all the bases to keep you on track for retirement, emergency fund etc.If you have any more specific questions as it relates to financing i'd be happy to chat more in the DM's!

If you are strictly the developer and not he owne, there are fewer liquidity options.I'll be interesting to hear the conversation and what opens up around it.

As others have said, better photos are always worth the investment and definitely a lower cost than major rennovations.Another thing that I noticed was that your reviews are low - if you can get those up you can be listed as a "guest favorite" on airbnb and that helps you get to the first page when people search for matching criteria, rather than being buried 5+ pages in.

You are asking about markets where you can Buy, Rehab, Rent out, Refinance, and Repeat (BRRRR Method) where you can buy 70% of After Repair Value and under $150,000 with good cashflow.This is my favorite strategy as well.There are several markets in Michigan where you can do this but the market I prefer is Lansing, MI.It is the State capitol, there is always a lot of economic development as a result which creates jobs and demand for housing which keeps rents up and appreciation steady.To Your Success! 

I’ll be most accurately judged in 5-7 years after all this dust has settled and people see which sponsors are still here, which got foreclosed, and which liquidated at massive losses.  

I'm thinking the liquidity of the HELOC would be great to pull the trigger on a good deal when it comes and I don't want to pay interest on taking out money I'm not actually using yet since I haven't found a property yet.  

What are your favorite areas right now?