We agreed it was a great deal and easy to bring to the rental market quickly.

Using 50% rule (expenses excluding P&i is 50% of rent) here are the numbers;1800 (rent) - $900 (expenses) - 1468 (heloc) = negative $568/monthAt your rent point with that size unit, your expenses will ve less than depicted by the 50% rule, so let’s use a likely more accurate 40%1800 - 720 (expenses) - 1468 = negative $388/monthNow let’s imagine you self manage and you time is not worth anything (I strongly recommend believing your time is worth less or worth less than a quality PM would charge) with 8% further reduction so expenses are down to 32%1800 - 576 (expenses) - 1468 = negative $244/month. 

And is it pretty easy to manage or no?

With syndications many operators are using finance magic to juice returns, but that can result in full wipeout on the investors.

You probably have a lot of friends or relatives with money to invest and an interest in real estate, but they have no clue what to do.

Easy Peasy.

Hey there @Natalie Hernandez - Welcome to BiggerPockets and kudos to you for posting here about where you are at on your journey! 

In 2024, 47% failed to sell even 1 house.

I understand the overall concept of it but since this has never been an avenue I have used it's unfamiliar and foreign to me.

You use $50k of the loan to do the repairs.If you have 20% down + rehab money, then you can do a FNMA HomeStyle program.The FHA 203(k) is a great BRRR tool.