It would just need to be a situation where they have great contact with the person doing that managing of the project (I.e. have known the person for years, great reputation, person has experience in flipping etc.).

However, be mindful of the Section 461 business loss limitation, which could restrict your ability to deduct excess losses in a given year, depending on how your rentals are reported.This post does not create a CPA-Client relationship.

There are tons of furnished rentals across the country that will sell you the furnishings with the property. 

(No mortgage on any).the cash flow is a total of $3,100 a monthDo portfolio loans exist for these kind of situations?

It all depends on how your agent is able to convey the reason of the contingency and negotiate with the listing agent (As listing agents, they want to mitigate risks for their clients as well).For Condos in the Bay Area, you could be exposed to higher risk because of the new SB326 Balcony Law.

The $2,500 payment you proposed is the interest only portion of a 5% loan amortized for 30 years of $600,000 principle.

Keep contributing to the 401k up to the limit of the match assuming the match is 25%+.

This way on the cash out you can retain as much of the HELOC capital as possible so that you can put those funds back.Got it!

Class A you're more at the winds of the market rather than being able to force appreciation like a true value-add deal.

What made you interested in investing in this type of deal?