I am a city guy and don't want to move far; will I really need to concede that privilege?

It would be a lot easier to just read the private placement memorandum but I am not in that privileged group to see the document.. 

Your own spreadsheet, using 5% on the mortgage and 7.5% on the HELOC, demonstrates that you paid $5547.06 extra in interest for the privilege of using the HELOC money instead of your own money ($15k used 9 times, each time costing $616.34 to pay down over 12 months). 

Some articles are written with a very slanted/privileged outlook. 

Originally posted by @Jay Hinrichs:@Brian Gibbons  Last thought on this subject  and its so apropos.. the banner add at the top is MAKE 40K A MONTH WHOLESALING WE HOLD YOUR HAND THROUGH OUT  No wonder everybody and their brother wants to do this.. that's exactly like the TV gurus claim 40k seems to the trigger amount for taking massive action for folks wanting to get rich quick with no money and having others hold your hand the whole time while you get rich and you just pay them maybe 20 to 30k for the privilege.

Having privileged information to the particular property is what can give you an advantage and allow you to beat out other investors.

Also, once you sign on the dotted line, it is our privilege if they serve us. 

Being a Broker in California as well as a California General Building Contractor allows for some privileges.

Looking forward to exploring my new privileges. :) Thanks @Joshua Dorkin and @Brandon Turner for this incredible site.

What you're seeing is an increase of those selling for what they owe...therefore cannot drop the price without paying someone for the privilege of buying their home.Of course that opens up more possibilities for sub 2 deals....