He doesn't tell them not to pay, but he doesn't push either.

What I'm really looking for is a simple platform where my tenant can pay rent online rather than send in a physical check every month (their current system...).

I like the idea of using a HELOC for value add projects where you can refi in 12 months to pay back your HELOC.

I immediately called Financial Freedom they explained that the $200 was for their "pay -site" which includes a free weekly conference call, etc.

Quote from @Mario MoralesMorales: what if he got a HELOC, used the funds to get a property, then cashout-refi the new property and pay off the heloc?

Then for phase 2 you raise $1.6 million and pay off the phase 1 note holders.2.  

Quote from @DR Rearwin: Be aware that if you purchase a property as your principal residence, and later convert it to a rental, the lender may have the option of calling your loan and making you pay it all back immediately, since you have changed the use of the property.I never knew that.

However, my portfolio is mostly B2B and the businesses I work with are comfortable paying the nonrefundable fee plus the refundable security deposit. 

Quote from @Eric Gerakos: Michael, why would you invest in UNSECURED note funds when you can buy notes SECURED by real estate that are currently paying 10% for 2 or 3 year interest only terms?

My husband was paying our bookkeeper $450/month to do our books (for a small number of properties!!)