Indeed, instead it is a lifelong learning session about Finance, Economics, Property & Zoning Laws and the Building Industries all in one nutshell.

I currently have a full-time career as a senior engineer in the aerospace industry, but I’ve always been interested in real estate, and I view REI as a way to supplement my future retirement.I’m interested in initially doing fix and flips to build up capital for buy and hold investments in multi-family properties, and I have about $200K in home equity that I can leverage to get started.

As you and others have pointed out, and my initial assumption, that just seems hard to believe.That said, I'm going to a sale on Tuesday, I will report back what I learn in person.

The recent high inflation rates over the last several years have increased my income and equity beyond my initial projections at the time of purchase.  

Never heard of them before....but your typical real estate "mentoring" guru will invite you to a free 2-3 hour session, and convince you to come to all day on Saturday or 3 day weekend course for $299-$399, when you are at that course, they'll convince you to be a Big Dog player for full on mentoring at $15,000-$50,000.   

I had initial inspector stating I needed 2 grounding rods on my rehab unit.  

Nice initials.

As with any market there is an initial investment up front to make the property unique. 

I have a lot of people come to me after having gone through one of these "enlightenment" sessions/ training and all I have to say to them is "good luck" and here is a number of somebody who will sell you down the river in the guise of helping you!   

You would get an initial advance that is based on the current as-is value + the money to rehab the house in the form of draws.