Build - rent - refinance -repeat. in columbus ohio you are buying old houses that are 1900 or 1920 or 1940 and you are in a sellers market. on the other hand you can source land which is a buyers market and build single family homes or duplex or triplexes that will return by renting and pulling cash out on a DSCR loan and doing it again. there aren't a lot of strategies that do this. flipping is different. so many risks. but when someone has a well oiled machine it's all good and less risk.

you will not find a cashflowing property at 100% financing whether its with a traditional loan and heloc or whatever the terms. 

Do you charge all fees (estimated) at the time the loan closes?

I’m in a similar situation as most people on here.

I know of several DSCR and portfolio lenders who offer different terms based upon your situation.

Bridge loan.

You can allocate those proceeds any way you want - as equal down payments or buy one for cash and others with loans - It doesn't matter a bit as long as you use all of the cash and purchase at least as much as you sell. 

The process of buying, getting a loan and settling to closing was extremely smooth.

@Son D. the borrower paid off the loan a few months ago. 

He’s not a pushy salesman, and I’ve got a business partner who has worked with him for the last 10 years without any issues.As for your situation, I wouldn’t say it sounds like a Ponzi scheme, but I’d strongly recommend meeting with the fund sponsor in person and asking as many questions as you can.