You get to take depreciation on an appreciating asset, you can even get tax credits for various projects and actions which depending the level your at equals a pay-day. 

Or so I thought…On pay day, when all my commission and bonus was set to hit my account, I excitedly logged onto my banking app, preparing to see my life changing check dropped in.

Definitely focusing on offmarket or even on market multifamily homes (minimum 4 units). started off in real estate development last 2 years but the paydays are brutal building then waiting to sell.So now looking to switch up strategies to purchase cashflowing properties and then get back to ground up construction or even possible fix and flips. 

Sometimes making a smaller profit and providing value is far better than holding out for a bigger payday on a bad deal, I like that.

This way I get paid upfront for my work 1-2k plus I know I have another payday at some point in the future if the deal closes.The costs to fully develop a property and sell for near retail usually involves the costs below and takes 2-6 months or more in some cases, but the profits can be huge if you're working in markets where land costs are high:Title 200-400Legal 500-2000 depending on zoning issuesIf wetlands are present AND its a buffer zone project: 2000-5000Perc & septic design if needed 1500-3000Treescaping & cleanup for retail sale 500-1500Selling costs of 6%I tend to stay clear of properties that need more than the above expense items.  

Remember when land buyers pick a target, they have TONS of work to do getting that property from dirt to payday, so they know their purchase choices, and they have a war chest usually stacked up ready to go.

I intentionally keep mine in a different county than I live in too, just in case they do notorious serious or something.I don't own many rentals these days, but if I did, id have one of the online pay services or set up an ACH on their paydays.

Its was a very nice payday indeed.Now I spent about 50 to 75k up front in marketing to pull that off..

I think the HELOC is the way to go if you can - However after reading your post, if you are talking about a 6 figure pay day, how long would the property take to generate that 6 figures in cash flow?

Look at Scott Tucker from the payday loan scandal on American Greed and Dirty Money on Netflix.