So I sat on the sidelines being very impatient.While I looked for deals of 8 units or larger in Wisconsin, Michigan and Indiana I let my cash build up.

You will be going up against larger operators with bigger budgets and more experience. 

From my experience investing in mid-tier and luxury hotels much larger is you need about 70% to make ends meet, you start getting happy about the investment about 80% and around 85-90% you fell like you are a genius. 

It will cost the seller more time and energy to sue you than collect on the EMD.  

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

I have no fear of running the numbers, building a team, investing, repositioning, refinancing, selling or holding larger properties.

For larger properties, there are no disclosure laws, so purchasers have to be skilled about due diligence. 

Do they include energy tax benefits within their study?

We buy mostly almost move-in ready, less work and a larger basis for cost-seg.

Does anyone know of a larger bank that does offer a HELOC or something similar IF it's in 3rd position?