If you do a good job with building sponsor relationships, then you can probably get to the point that they'll allow you to use their track record. 

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

We secured a 200k USD senior debt position which allows us to avoid raising so much equity.

Double closings are no longer allowed in the state of NJ so I've been told by one or two title companies that operate and do a lot of transactions in Northern New Jersey.

A HELOC will not allow you to deduct I believe on the interest unless the money is utilized for repairs on your primary residence and not to buy another home. 

Also, I plan to put 20% down...rather than 25%...which will allow me to keep cash on hand to complete the needed rehab.  

The city nor our architect understood the structure of the affordable housing regime that allowed this delay.2) our architect was incompetent in moving the project forward.

A ground-up construction loan for a new investor on some vacant land would also be a no-go as you must be able to show successful exits (refinance or sale) from a few projects before that's an option.So, we need to be able to see funds in your account that can cover the down payment, closing costs, and some reserves left over that will allow you to start your rehab.• No entity to close in: Though an LLC/entity is not a must-have, it's a nice-to-have prior to seeking financing.

I appreciate the input Danielle ...I see some of these virtual mailbox companies have an app and you can see what mail has been received on the app, while others allow mail forwarding ... are you utilizing any of this or just using the physical address for your LLC paperwork to be delivered?   

Real- Estate  is a lot tougher game now because of technology now allowing buyers, sellers to access the market using the internet without using agents but  you do have hot areas that can support  more bodies .