Which most lenders frown upon you utilizing a HELOC to cover EMD, Closing, and Down Payment. 

If anyone is open to sharing their insights and experiences, I would be grateful for the opportunity to connect!

Shane, happy to connect when your time allows this week

As for the third target market, Sacramento is close to you, it's a state capitol, relatively inexpensive, two major universities, great local culture...

I was able to convince a local GC to work closely with me to let me manage the build to learn.

obviously that can get pricey and is why joining a team or established brokerage can be so helpful.I was lucky enough to have a family connection that is an established boutique commercial broker, and he was in his own words "drowning" and needed help. 

If you ever want to chat or brainstorm strategies, feel free to connect!

Consider connecting with local REI meetups, hospitality groups, or even online forums like this one to find like-minded investors.You could also pitch your successful track record to potential equity partners.

Otherwise they just run around and bid projects for people that don't close.

Networking is key, so connect with local investors and lenders who specialize in multifamily deals.