This is to alleviate any added flooding your project creates for the downstream properties. 

You will benefit from better rates and lower cost lumber now, so that will help make up for some of the added carry and perhaps the market conditions have even improved? 

If they don't, they likely contracted it out and added a 20% mark-up on the service. 

Thought about adding a hoarding clause... one of our tenants has a side hustle where they buy, build, and sell holiday gift baskets.

@Ryon PaxHave you considered cutting some of your personal expenses to pay for the HELOC or find another way to generate added income?

When we get close to 100% will turn off most of our marketing, other than Google ads and our SEO.

(Only if you are SERIOUS about real estate as your wealth/career vehicle.)Make sure you join a brokerage that is large, established, and has a reputation for top performance and excellent training.Once you learn the basics and get out into the field to see the state of the market, you'll learn the price points and be able to know a good/great deal when you stumble across it.I have made some of my best (most lucrative) buys from meeting with a seller who wants to list, and when we discussed the price, I knew it fit my parameters, so I bought it! 

I'm under the impression that its ran similar to single family homes and like cap rates for the large multifamily.

In short, I want to learn about how to draft my strategy for my region for value ad investments and find team members that I can trust and depend on. 

Maybe you could find someone who wants to be debt free and have a large place.