@Paul AzadI have no idea how their funds are doing but in speaking with people in the space several GP’s are trying to push a fund right now to survive the next 3-5 years and raise capital before they lose most of the LP’s funds as once that happens raising $ will be near impossible I am not saying this is the case in this instance and cannot comment on the above, just sharing some common industry knowledge on what some are doing

I assume your wish to use a HELOC is to avoid paying interest when you are not actively rehabbing a BRRRR.

I started this company because I want to be a source for people and be that stepping stone for people who want a better life.

Curious because my son is an agent but is not active.

And a PM that manages 10k units as part of the GP entity, with equity invested, will be taken more seriously than a XYZ property management (who manages 200 units total) has said they are open to managing the property when I close.Lastly, even in the "easier" market timing of the early and mid 2010's, most people when they get started are looking at deals for about 18 months before the first one is awarded and closes. 

I stopped reading after your tenants letting people who are not on the lease live there.

When that area was built, people flocked to it for it's affordability, but over the course of several years, it became like a ghost town. 

Is this post even active anymore, 7 years old?

But, a lot of people like that.

We net 10s of thousands of people from the Midwest states as well.