Please feel free to reach out for discussion. 

The first applicant will eventually get tired of his free-loading friends and problems will ensue.

What do you guys think about this strategy of opening up a HELOC in hopes of freeing up some of my other capital.  

Feel free to share opinions!

Ask tostay in the office for 18 months rent free while he buys/builds.M.

In the Bigger Pockets free book, "Real Estate Rewind", as one of the 11 co-authors I wrote about one such Tax Sale purchase and made money but not enough money to warrant the risk involved.

There has been zero engagement without me taking the initiative with regards to the process leading up to the foreclosure sale.  

However, having an experienced real estate agent or investor in your network analyze comps adds an extra layer of confidence.If you’re focusing on specific markets and ever want to discuss analyzing deals or strategies, feel free to connect, Our firm would love to help you! 

Also, watch out for any litigation or construction issues that could lead to HOA fee increases down the road.Alternatively, you could consider a good deal on a single-family home or a 2-4 unit property.

If AHP does not return his capital then he's made an interest-free loan to them and not even collected his principal balance back.