@Roger Garner the strategy will really depend on what level of involvement you want in the project.

If you use a HELOC I would do a project where you can pay it back(BRRR, Flip) and not keep a balance. 

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We're doing a ground-up construction project in a booming spot on the Pacific Coast of Mexico.

Most my clients tend to be out of state, high income individuals that are looking for a great return and not looking to spend 200 hrs on the project themselves.  

Always ask for references and examples of similar projects (pictures)The Red Flags you have to Avoid:Lowball bids (too good to be true often is).Poor communication or delays in responding.Hesitation to provide references or sign a detailed contract.Cash-only deals or pushy behavior to secure the job.

Keep in mind a few things - many major markets currently have a glut of multifamily projects so you may be competing with large apartment complexes with amenities offering incentives in a competitive market. 

Also, for the experienced BRRRR folks out there, are you holding true to the 50% Rule on Cash Flow on each project? 

When I'm analyzing a deal I want to know projected income and expenses.

I'm currently developing a project in Western MA and still looking in Central/Southern VT.