@Hector Haro spend some money and get Appfolio.

Positives are proximity, low property taxes, no income taxes, no weather events, very low maintenance stucco/tile structures, “young” properties (5-20 years old) 

Closing costs - you will have to pay taxes/stamps etc. typically as a seller.4.

Could these waits be mitigated by going the hard/private money route?

Does this strategy utilizing HELOC really work on saving money and paying off mortgages much quicker?  

You'll need something like 125 units netting $200 per door to get there, that's about 10 million worth of multifamily in today's money, so you'll need about 3 million in down payments.

Sub2 needs to be viewed like Hard Money.

I was just reading Mark's book "The Tax & Legal Playbook" this morning and it specifically had a "critical warning" (page 31&32 in Chapter 3).

Mortgage Broker/ Bank/ Hard Money Lender – Someone that has experience working with other investors.

You and your legal, tax and financial advisors should review this transaction in greater detail, especially the PLRs, to ensure you understand the significant risks involved and are structuring the transaction as close as possible to the PLRs to mitigate some of the risks.