I have run spreads to no end and if/when interest rates fall there is a point where OPM would make sense for this approach. 

Two days work, then the third day I made a dump run. 

Make sure you’re running conservative estimates on your rehab and refinance numbers, especially with fluctuating interest rates.Partnering with an investor-friendly agent who knows your target market well can help you locate solid opportunities and avoid potential pitfalls.

It was suficient/accepted by the lender that granted the mortgage for the duplex, so I did not anticipate running into this issue trying to get the heloc.

Also if there are multiple owners it ends up being like a HOA and I would view it as complete chaos on who is actually running the show.Why are you bullish over these vs. a traditional  Regulation A+ or Reg D 506c offering where you invest in the entire pool?

I run a call center for real estate so deal with this stuff all the time. 

None of the methods you purposed are bad, just gotta commit and run it for 5-10 years at a time.

You need to be able to run at a moment’s notice—whether that’s checking out a property, meeting with a seller, or showing a deal to a buyer.

Just run the numbers, and see what your cash flow will look like after the conversion and other expenses. 

We figured something was up and he was likely faking the end buyer and running a closing through a Title company in Florida that HE OWNS.