So during months of searching and falling in love with numerous houses, we can across an old FL house that had the original pink tub and toilet and terrazzo floors throughout the whole house.

Sounds to me like this is you, and your buddy is bringing his vast construction expertise that he harvested from attending the FB training.

Offering it as a HELOC is new to me, but equity harvesting mortgages have been around a couple years, at least in the Bay Area.

(Black kitchen appliances.)Located in middle-class to upper-middle class areas.Property appeals to the masses (entry-level professionals, college students, seniors, etc.)Class C: Generally more than 30 years old Little to no amenities (for example: no washer/dryer hook-ups inside the units, window air conditioning units/no central AC, white kitchen appliances)Located in stable middle-class, working class, or lower income neighborhoodsBlue collar and entry-level professionals, college students, seniors, some renters who receive housing subsidy (*Sec. 8)Potential for stronger cash flow than Class AHigher maintenance needs than Class A and BClass D: Generally more than 30 years old No amenitiesKitchens and bathrooms look very old ("Harvest gold" kitchen appliances)Located in areas that may have high crime, high unemploymentGreat cash flow if purchased at a low price, but there is little chance of appreciation

@Karen Wirkala if I was in your shoes I would keep the house and harvest the equity to leverage it into as big of a multi family I could afford in the Midwest. 

I made an appointment and was on the phone with him within a few days.To me, it feels like his ability to harvest his personality and social/tech credentials has made his real estate business grow faster than he expected.  

Purchase price: $100,000 Cash invested: $5,000 Sale price: $159,900 I’ll jump to the point - I should’ve BRRR’d this deal 🤦🏽‍♀️I bought this house in 2020 with plans to make it my girl’s and my “lady cabin” (hence the pink door).

Their lousy motivated seller harvesting strategy is not working so they get a membership with propstream or some fancy software, or a new fancy gadget that lets them send a mailer just by taking a picture of the house.DUDE seriously... they simply do not understand how conversions workNO friggin Gadget is going to work.

If your voice message is wrong, and it resonates with traditional home sellers that want market value for their house, no matter how many leads you harvest, you make ZERO deals.You are asking the wrong question here.The correct question is, "am I truly reaching motivated sellers?"

covenants, you had great plans, "but I put a mobile home on the first lot" or a pink house.k.