The property will cash flow $500/mo or more after all expenses and cap ex reserves, as well as the payment on the SBLOC.

I just used cash to build my first 3 specs no loans at all.. once done and sold then I went to lima got one loan from them.. then went to local bank ( much much cheaper) and got a 3 mil  guidance line and went on to build 30 or so in charleston.. you have to prove the model.. its not like buying a rental where lenders look strongly at your fico  fico is required but not the main consideration like and investor loan and all you need is 20% down or 30% down and a few bucks in reserve that wont fly with spec loans..

@Elizabeth LebI would like to hear what folks would invest 20k in if you already have reserves?

Originally posted by @Mark Whittlesey: I would get a UPS Store (or similar) box instead of a PO Box.It costs more but is much more flexible (is an actual physical address, can receive UPS and FedEx etc.)I had a PO Box for a while and got rid of it for exactly those reasons. 

The storage closet is storing a shower head, a toilet, and whatever else you threw in there.

Originally posted by @Michael Sanchez:Hello everyone I appreciate the feedback about the Capital Syndicate however I still have reservations.

Even OO with closing and reserves it will not go far.

Don't over leverage and carry reserves.

Then I save that amount each month in reserves until I need them.

So much wrong with this.. but hey got to hand to the guys coming up with all these new little tricks to sell to folks.. just like in the gold rush it was the hardware stores that made a killing not the miners. i agree... sent you a dm