Let me know if you have any curiosities or questions

The interest rate choices are:* 3 year adjustable 5.99% and a 5.99% floor (based on Wall Street Journal prime rate + 0.49%) Payment will be aprox $5055/month* 5 year adjustable 6.25% and a 6.25% floor (based on Wall Street Journal prime rate + 0.75%) Payment will be aprox $5160/month* Accrued interest will need to be paid at closing on the construction loan, if no changes $3011.63 as of 5/31/19(this would increase if the $10,500 of undisbursed funds are disbursed.)

Out of curiosity, what do investors usually want to see when trying to pick a city to invest in?

This is mostly out of curiosity.

After reading some of the other first deal posts in the forums, I think investing into a syndication or partnership of some sort with that fund once it accrues a bit higher of a balance or finding a deal in a local network that allows a lower entry to invest makes sense.How did you find the syndication that you started with?

Sure, the HELOC has a slightly higher interest rate, but it's much less expensive in fees and you don't accrue any interest until you actually use the money.

Out of curiosity, asked him if he checked with local rental agents.

Not going to dig it all up and cite the paragraphs for your curiosity, choose to believe me or not or, do some research and reading of your own.

For instance, First Hawaiian Bank calculates the minimum payment to be 2% of the outstanding principal plus whatever interest was accrued during that month.

You mentioned that your partners have acquired more than 4,000 doors, out of curiosity, is this your first deal?