That deal taught me that off-market properties offer something you rarely find on the MLS: opportunity paired with creativity.I realized I didn’t need to rely solely on what everyone else was chasing.

But when the two elevators went down and we realized we were barely able to make DSCR and weren’t cash flowing enough to cover long term major maintenance and cap ex, we had to pivot into Plan B.in regard to renovating in a partially occupied building, it’s a nightmare.  

Some "things" are long shots at paying off for their personality type and they realize that.Just my 2 cents!

Many times they do not realize the adding of the adu makes their existing unit rent controlled.  

@Chad KoenigSo, undoubtedly, you have realized it is the frequency of the {pre}payments that is significant and the HELoC is not actually necessary.

Plus, as mentioned your risk exposure would be huge if you didn't have a contract in hand to lease, plus they won't want to lease from you, because they are a Sticky or capture tenant.Start small and Make Your Big Mistakes Early.For a minute i couldn't figure out what you where talking about, then I realized I hadn't updated my bio in 5 years.

And basically I’m just realizing I don’t know how to know if these are reasonable prices or not?

And we fail to realize that there are others countries in the region where investing in cash is more profitable than investing in the US or Canada with a mortgage.

But I realize those are in the same position.

I realize this is a very long answer to questions you never asked.