You're asking someone to spend a lot of time and energy to share what they've spent years - maybe decades - learning and developing.

This can be a huge time and cost saver, especially if you’re managing the property remotely or using property management.Energy Efficiency: New buildings are generally more energy-efficient, which can be a selling point for tenants and lower operating costs for you.Builder Warranties: Many new builds come with warranties, providing some peace of mind for unexpected issues within the first few years.3.

My desire is to create profit by commercial units or owning multifamily units in order to provide housing as well as generational wealth.

I'm hoping for some guidance and any suggestions/ help is greatly appreciated.The specifics of the property are as follows:Land: 1 acre Income Generating Units: (built around 1995 all in good shape)Ranch House: Rental income of $1,200/monthMobile Home 1: Maintenance personnel reside here rent-free (not generating rental income)Mobile Home 2: Rental income of $980/monthMobile Home 3: Rental income of $1,000/monthMobile Home 4: Rental income of $1,200/monthMobile Home 5: Rental income of $1,200/monthFinancial Information:Estimated Annual Taxes: Approximately $2,500

Even if I was the senior lender for one of the new developments, in a downside scenario I wouldn't know what to do with the land / the half-finished or finished (but unsale-able for whatever reason) inventory.Therefore - I don't want to invest / make a loan in the development JV itself - I would rather make a loan at the parent-co level where there is collateral in the form of completed properties that are generating rental cash flow - they do have mortgages on them. 

@Yosef LeeWhat energy AND humility you show!

I wouldn't really look at these as an outright investment, but more of a retirement spot that you can try to generate some revenue from in the mean time.

We have to manually log the issue/damage, then enter each bill once we've done the work, then we have to track whether the tenants reimbursed us or not, then we have to pull together the water bills from another expense tracking sheet, and then re-organize everything per property or per tenant to be able to generate a summary report (which we are required to provide to tenants).

XCEL Energy user comments appreciated!

After that, you'll need to start repaying both principal and interest, which could also affect your cash flow.However, the flexibility of a HELOC can be beneficial, especially if you plan to make strategic investments that generate higher returns in the short term.