Of those two, I actually like the first one better because you have a competitive advantage to that market and the amenities you could provide.

I liked the 3D model of the actual room enough to lease.

With regards to actual demand vs ‘implied demand’, the demand for our fourplexes is actually very high.

During this renovation period would you, as the lender, want an Actual Cash Value or Full Repair Cost policy in place?

3) Who is partnering on the actual deal?

If there is not a actual possibility of you moving up the ranks or making more it's time to do something else.

Marketability- as I mentioned above. 

Hey everyone,I’ll keep this short and would love to hear from investors who have successfully leveraged a HELOC to scale their real estate portfolio for both short-term cash flow and long-term wealth building.I’m about to unlock $200-250K in HELOC from my primary residence (a condo in NYC), and I know there’s a powerful strategy I can implement.My current plan:✅ Acquire a 10-15 unit multifamily in a mid-sized market (AL, TN, OH, etc.), targeting a $700-800K deal with value-add potential.✅ Use 20% from my HELOC for the down payment and finance the rest with hard money.✅ Force appreciation over 6 months, then refinance into a DSCR loan to pay off the HELOC.✅ Rinse and repeat!

The biggest thing now is figuring out what strategy actually fits you best.

I'm actually curious to hear what REI nation's impression of the Huntsville market is right now.