If you want a blend of the two strategies (getting the valuation you want and also getting annuities) then maybe look into a seller-financed/subject-to-sale. 

The blended rate of his existing mortgage along with the higher rate of the new HELOC would give you an important metric.

Team, We are in a mix of 20-year members that will get legacy and then the others that will get blended ie 2 percent of 20 years ie 40 percent of base pay plus TSP contribution.

This indicates that sellers are gradually adjusting their expectations to align with market conditions, resulting in a 2.6% year-over-year decline.The April 2023 real estate market trends underscore the blend of seasonal patterns and the wider economic context.

But, I think they signal a strong reason to take advantage of these enticing aspects of multifamily housing South LA:1) Unparalleled cash flow for the LA area.

Every lender and deal is different, but standard is 80%ltv; 2points; 10% rate, then 2nd loan for 20%, 2points 15% rateAssuming your numbers at 1,400,000 arv and 1,200,000 here's how your deal looksPurchase price 1,200,000closing costs (2%)= 24,000points upfront on both loans (2ponts avg on 1.2million)= 24,000renovation budget $50,000 (i would be very surprised if it was this cheap, you prob dont want to go builder grade on a 7 figure house)carying costs (blended avg rate=11%, lets just round to 12% for easy math)= $12,000/mo, figure 4 months end to end, so this becomes $48,000ARV=1,400,000 (cost of sale=8% = 112,000)so 1,400,000 - 112,000 - 48,000 - 50,000 - 24,000 - 24,000 - 1,200,000 = -58,000It would appear you would be on track to lose $58,000 on this deal

I've seen some in Canada I believe that are in regular neighborhoods that blend well with the surrounding neighborhoods.

This is just one example of where the records can be blended -and the difficulty in managing Series LLCs.

There is also opportunity in Westerville and Gahanna for a B blended approach. 

You have to look at what your blended rate is when adding in the points.