If the other party is a lifestyle buyer, he's going to prefer to own his own property rather than have an investment he/she can't control.

With the exception of some small markets in the Southeast, places like Cleveland are the only major metro areas where a regular investor can find cash-flowing assets with a mix of appreciation. 

For long term, the main benefit is having someone else pay off the mortgage on an asset while you collect cash flow.

The 401k is a valuable asset but its my thought that I can use this asset to further increase my portfolio by putting that money to better use.

(We are working on a generalized survey to collect info on our buyers/potential buyers so we can make sure we understand who our customers are while trying to dial in their preferences and patterns.)You are doing great things. 

If this isn't required, then most likely having the GC sign a completion guarantee to ensure the project gets finished and lender is not stuck with a partially complete asset is the case. 

He has been a great asset to many investors doing the same thing in this area.

And folks that need to do that dont have the capacity to deal with a loan that has been called and a seller that is madder than a wet hornet if you goof up their credit.Then the other major issue glossed over by everyone is there is a minute amount of sellers that will even entertain these transactions and most of the time your paying a premium for the asset.

Reason is a Heloc generally carries a higher rate on a shorter term and "Can Never" be used as an "Asset, or for PITI reserves" which are both required when you buy an investment property. 

Every bank at that time had way too many non-performing assets on its books.