Tenants pay all utilities)Taxes & Insurance:  $149 / monthPlease reach out if you have any solutions that you can provide or if you would like to discuss more details of the project. 

A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

This is not very common, but a possible risk.And lastly, I am not an attorney, so confirm all of this with a local real estate attorney as part of your due diligence on property.

I'm going to rain on your parade.Mortgage and HOA fees will be around $31,000 but you haven't accounted for furnishings, utilities, WiFi, maintenance, taxes, and other expenses.

No extra excavation, or utilities or any other surprises.

This is the common issue with most TICs is that all TIC owners end up signing loans with personal guarantees.

Where right before the sale happens the property is quit claimed into the members personal name as tenants in common.  

He is more in the market of getting people in rough spots in life into their first home or helping them reverse engineer there goals and then helping them achieve them.Like anyone looking for a mentor, its important for a noobie to find someone you have common interests with and has a vision that you can support.

The most common pathway from where you're currently at with your property is a cashout refi to stabilize it and to pull out your capital for the next project.

For example on SFR primary/second home properties, typically HELOC's are structured as a 30 year amortization, with the first 10 years usually being the 'draw' period (time to utilize and pay down the credit line) interest only and 20 years amortized principle and interest payments.