Barron first if you are within your inspection period, you may be able to terminate the contract without any reason.

I just wanna make sure, the 10+ years lock-in period is making me a bit anxious.  

Think big picture.Consider all the benefits of the investment over an extended period of time and get started!

A service is provided, you must pay for it, period.

Some expenses, such as utilities, property taxes, and interest, incurred during this period may also be capitalized.

The contract promises to make payments to you over an agreed period of time.

The property was leased for $2,150 per month.Refinance and Return on InvestmentAfter a stabilization period of 6 months, the property was refinanced to leverage the increased value created through renovations.

If My father and I use the heloc to fund the repairs; I'm concerned to have payments on a heloc as well as giving up all the cash flow for a period of time.

Further, Reg D 506 C offerings can accept new investors money right away, while other private placement exemptions require a 90 day waiting period for investments from investors with whom the sponsor did not have a prior relationship. 4.

Many people don't realize that you gain as much or more net worth through debt pay-down, and while it's less liquid than cash flow, over a 5-10 yr hold period it's considerable if you buy in the right areas with the right asset class.