Based on your description, it sounds like you would violate the self-dealing rule and could put your SDIRA at risk. 

This is not a one size fits all answer, but bad debt is non-asset based or depreciating assets - , credit cards, medical, buying dumb stuff.Good debt is debt used to make or grow your portfolio. 

For those of you that are more experienced in this space, would you change your financing approach based on this new information?

The fees and overall costs of these loans needs to be a key factor including what if the project goes over time . . . . you can be underwater in no time.Underestimating repair costs and overestimating ARVs based on Zestimates are the next stumbling block.There's money to be made but make sure numbers all work WITH contingencies defined and overages expected . . . remember, a project will always cost more and take longer than initially thought!

I would love to hear from other more experienced in the field about alternative ways to financing that I should consider besides the HELOC, maybe also hear from investors on how the process of bringing investors onboard works.

When it comes to finding properties, AI tools like PropStream and DealMachine automate searches for investment opportunities based on specific criteria. 

You would pay $950k for that property because it’s a deal based on today’s value?

Hi @Daniel Carrillo,Just based on conversation had at various conferences I've attended I think we will see some increased activity later this year.

This is based on my own experience, but I think it's similar for most MF owners. 

Southwestern Michigan offers plenty of charm and is a destination place but would definitely make sure your ROI makes sense based on your long- and short-term goals with the property.