A potential challenge with a HELOCs is they are based on the current appraised value of your home, not the improved value, so you would need to make sure you have enough accessible equity.

They could also sell the property to you and lease it back, allowing them to remain in the home while accessing liquidity.

But your main killers; road access, water access, fire hydrants, flood plain, storm sewers, Storm ponds, road surface requirements, etc. 

You can't access that value to live on if it disappears!

Your investment is secured by the underlying property. preREO is a new, very creative and now proven format for local real estate investors to obtain control of a property before it goes to REO where everyone will have access to bid and drive up the price.

It all depends on location of course. 1 good thing I have going, there is no restrictions there.

@Zach Howard if you're serious, you'll get a Pro Membership so you can access the analysis reports here on BP.You can then share those and ask for feedback:)

When it comes to analyzing properties, I’ve developed a specific checklist to make sure the home fits both resident needs and operational goals:Square Footage: Ideally, at least 2,000 sq. ft. to ensure enough living space for residents and staff.No Stairs or Pools: It reduces liability and keeps the home accessible for everyone (this is just my preference).Corner Lots: I love corner lots because they often provide extra parking and outdoor space—both of which are critical for families and visitors.

Hard money lenders are much more like banks and come with many restrictions, requirements, due diligence, fees, etc.

Are you wanting to know how to access a SDIRA or are you asking what are the risks associated with using SDIRA money?