If the second property you are buying is not turnkey, will require some work, and there is a clear value/range of what you can bring the property to by adding value then you can refinance to pay back the majority if not all of your HELOC (used for downpayment or to buy the property completely).You'll need to know how to analyze an after repair value of the property to figure out if that technique can work or not.

I would recommend diversifying your channel distribution.  

The second Helmsley “negotiating” technique was not to negotiate.  

We collect payments from property owners and distribute them each month.

You can simply go to the Cost Seg Audit Technique Guide.You point to ATG?

For example, the investor might fund 100% of the deal and take 50% of the profits, or you might structure a different ratio depending on your role and experience.In either case, make sure you have everything documented in a clear contract, outlining how funds will be used, how and when profits will be distributed, and what happens if the project doesn’t go as planned.

After 4+ years, my loan and the principal is paid back and I collect ATM distributions for another 3+ years. 

Each LP invests 70K, distributions start a year after investing as it will take time to lease up, returns 80/20 LP/GP split, 17 - 20% AAR, 1.70 - 1.80x Equity Multiple with 3-4 years hold period.

Everyone says they use conservative projections, but so many are paying distributions right now, so they weren't conservative enough on their pitches or underwriting the last couple years. 

Purchasing notes at a discount to “capture” the early payoff windfallFor those willing to be more active, engage in study and education, and have the time, wealth building can be accelerated by using techniques such as1.