@Danny RandolphYeah, I’m currently in the construction field and we usually get a 20-40% deposit, then get draws after certain stages/inspections have been passed

And I bought the dip.This is not the first time I have seen a 25% or even a 50% draw down. 

And I feel your pain.On my FLA builds my GC was very well known to me and trusted if I did not have him I would have been were you are at stalled.. but for me I just paid cash for the lots and gave no deposit to the GC ( again long standing relationship) so when he finally was ready we just funded draws on completed work .

They did not do construction draws you needed your own cash for that. 

Get a good attorney to draw up your LLC and spell out what everyone does and how you can push any of you out when they underperform.

A HELOC gives you flexibility since you can draw as needed and only pay interest on the amount you use, which might be useful if you’re not sure exactly how much you’ll need upfront.That said, it’s important to compare the interest rates between a HELOC and your expected returns in the stock market—if you’re making more in your investments than you’d pay in interest, it could be a good play. 

You do have to be able to front the cash prior to each draw, but other than that they've been good to work with 

Quote from @Jack Schwartz: Quote from @Kristine Ann: I think it's great that this post is basically pinned to the top of the tax lien and foreclosure forum. 

Get architect into the house when you are in escrow, get all drawings and site visit done while in escrow along with prep to submit once you close 2.

I let you draw your own conclusions, which you seem to have done already.Because nobody can see interest rates in the US drop any time soon, many investors are hoping for a new foreclosure crisis for the to be able to get deals that work again.