My Plan Is to give a note for the $200,00 due in 12 months 0% interest.$70k out of my pocket cash and sell the house when it is done for $360k to $400Kclosing cost $40k so 360 - 40 = 320 - 270 = 50K profit or 400k - 40k = 360k - 270k = 90k profitthe $360k is conservative for sale price chino hill ca.at least that was what i had bouncing in my head

Would you rather set it and forget it and not need to refi again or rather take advantage of low/no closing costs on this loan and plan to be more aggressive on your rate at the time of your refi?

Also, make sure that they have money in their accounts in case things don't go as planned.

The six month cd isn’t the point my understanding is that I can’t just take out the HELOC, I need to actually use the money for my plan to work and a short term CD seemed safe and reasonable 

Connect with The Hard Money Co, Mach1 Lending, MGM Capital or Plan B Homebuyers. 

Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.

It sounds like you’ve got a solid foundation with your rental property, and I love the ambition behind your plans to build a property management and maintenance company—it’s a great way to take control of your investments while creating additional opportunities.Best of luck to you! 

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I and my spouse are planning on buying a small multifamily and house hack.

Make sure to run your numbers conservatively and based on the current as is value if you plan to go this route.