Most of the changes will be cosmetic and one needs a more work, so I want to pull about 150 from one of the houses.

Sorry for the question dump but I'm would like to know more before pulling the trigger on Hemlane.

Hello BP Community, Does anyone have any suggestions for local community banks or credit unions in the Indianapolis area, or Indiana in general, for pulling a HELOC on an investment property? 

Once fully satisfied, the split becomes 50/50.When accessing this deal, here’s what went through my mind:A PMP would have to be okay with holding their funds long-termThe borrower would need to be experienced with doing wraps, as it takes time to get willing and able buyerThe borrower would need experience in pivoting to a different exit strategy should they fail to successfully execute a wrapWith NO EQUITY on the property originally, and the PMP being in second position, the borrower would likely need to cross-collateralize if the PMP has NO INTEREST in taking over the propertyMy conclusion, from looking at this from a thoroughly analytical standpoint, would be only someone who has a moderate to high risk tolerance and cares about cash flow without pulling out and parking their money into numerous deals would likely lend on this.Anyways, thoughts anyone?

Am I missing something here, or should I be considering other ways besides pulling from our four-unit property?

Texas (SA) based company so always make sure to include them in my search if they come up but ultimately have never pulled the trigger. 

I've heard the rumblings of several states pushing for time limitations and out-right disregard for history but hadn't heard of anyone pulling the trigger (pun intended) quite yet.I would be happy to share our published rental application standards (defined for central Iowa, reviewed and approved by local real estate attornies) if anyone is in need.

@Nicholas Smith The best way in my eyes would be connecting with a Realtor who can pull some comps off the MLS.

Before you pull the trigger on anything I would get some training or find a mentor in your area willing to show you the ropes. 

What I mean is, it looks like as a married couple filing jointly we pay $0 in cap gains on first $94k, so could we use a strategy to pull out $94k in cap gains then 1031 the rest?