Just curious if you moved forward on this project.

Or, are the failed projects going to kingmade investors that have "special" relationships with the lending banks? 

I am coming near the end of this project and have already started plugging in some new addresses to run comps and get a jump on the ARV calculations to improve my experience going forward.

@Chris RagerFor multi-member LLCs (and depending on the size of the project), you may want to work with a specialist for the operating agreement.

You take all of the inconsistencies from the previous thread, combined with this 2nd BiggerPockets profile utilizing his real name and claiming a massive years of experience discrepancy.

Your first Multi with those savings and income are going to be a learning experience  (In a good way) However do not go in with a massive cashflow expectation.Some Realtors/Sellers might sell you on unrealistic potential high rents and will be adjusted to the selling price....so do your own research.Are you planning on living there as well?

HELOCs are great for shorter-term investments like flips or rehab on a BRRRR project.

Some investors and agents talk about off-plan opportunities as if they’re an easy route to massive returns, but the reality is that it’s far more complex.Buying off-plan can be incredibly rewarding, but it requires doing your homework, understanding market trends, and knowing which developers are truly reputable.

Here’s how I’d move forward:Get a Real Estate JobLook for steady-paying roles like property management, admin work at a real estate office, or project coordinator with a developer.

Thus, I am interested in suburban space near major cities, not the downtown inventory that is trading for pennies on the dollar, but often involve massive office complexes that will have huge holding costs until they get leased up.