Blanks model is very comprehensive.

Just trying to sort out an assumption so I can plug it into the model I build and calc post-construction LTV and sale assumptions.

The property is paid off so you have options.Based on what you’ve shared, you carrying the note sounds like a viable option.Have you considered seller financing?

Your model is awesome. 

You may find this a viable option with rates where they are, especially if your rental income continues to cover the mortgage.Home Equity Line of Credit (HELOC): If your property qualifies, you could use a HELOC to access the equity without disturbing the current mortgage.

I guess they think these investors are accredited so a fee structure is a good model. I

I also agree that Akron is a viable area as well, but Im still finding the best deals in and around Cleveland.

Can anyone tell me if this is a genuine scam or is this a viable program to use a vehicle to start my Real Estate Investing journey.

Would a home equity loan be a viable option in this situation, especially in regards to eliminating some of the red tape I'm running into with a refinancing an scorp-owned property?

Numbers don't lie and in todays world I don't know any investor given the choice who would want there money tied up in a mortgage with this  as a viable alternative to have liquid damn cash.