BTW it's in a gated community in Miami Lakes.

I ask these questions with caution in mind as I've seen so many folks come out of the NI gate bypassing this self-development as they rush to get passive money in the door OR use passive money for investing. 

Main Street Bank, in Detroit is helping us with financing this time but it was difficult to find an institution willing to help.We were initially going to invest in the Orlando area and actually were going through the steps to secure a mortgage on a short term rental townhouse in a gated resort in Kissimmee.

Its 3 bedrooms/3.5 baths in a gated community and a 15 min walk to downtown Oceanside/the beach.  

It turns out its actually a better angle in general to watch the entry gate and the shed. 

So, I would stick with well-maintained apartment complexes, self storage units, mobile home parks and possibly a short term rental in a desirable area (like the beach)- here's mine, outside of Charleston, in a gated community in Isle of Palms, SC called Wild Dunes: www.vrbo.com/1930478.

The mob of valuation protesters are also storming the proverbial on-air gates outside of real estate investor podcast giants like Joe Fairless’ Best Real Estate Investing Advice Ever and Michael Blank’s Apartment Building Investing.

Purchase price: $123,000 Cash invested: $103,000 condo in man gated country club community, prices are soooo right, 5 pool 4 tennis courts, 1 adult only pool w/jacuzzi, caban,fire pit, daily activities for adult and kids,boat slips.gym, conference room for activities, 24hr checks from security, constant update to property. boat rentals and jet skis, fun for the who family, weekend families and air-b-and-b opportunities.

You're cutting their margins by 20% right out of the gate... and will then wonder why they are not so motivated to move with urgency on your units.  

Caleb is correct helocs are risky .Why do you think you need 5+units right out of that gate ?