where can we find places-websites to analyze areas that will provide positive cash flow?

@Benjamin Ying1) Waste of time unless you are buying hundreds of units.2) Any option to minimize risk is usually a good idea.3) Always better to visit an area before investing.

The 1031 positions the investor into a property that the REIT absorbs as @Joe Sera said in the 721 conversion. 

We estimate the project will take less than 3 months to complete.I’m exploring alternative short-term financing solutions and would appreciate any advice or recommendations on options that might work well for this type of project.Thank you in advance for your insights and assistance!

I'm curious why you want a HELOC instead of a conventional loan in the first position.

If a HELOC isn't an option due to Texas laws, you could consider a cash-out refinance with another property or a portfolio loan, even if you want to keep your current rate.

Like Devin said, double digit rates and you could still have fees similar to a first position mortgage.

However, if you want long-term stability and predictable payments, refinancing might be a better option, especially for larger projects.

I'm an investor and mortgage broker and have options for loans that go as low as $75,000 and down payments as low as 15%, which makes it easier to stay above $75,000.

You can also offer to lease with an option to buy to tie up the property until you are ready to purchase.