or you can reach out to a broker who can shop 80 lenders in a matter of minutes for you.

I am an accredited investor, looking to invest 50k to start since it’s my first one, and predominately interested in multifamily as my only previous experience is a rental I manage on Airbnb.

They see foreigners as one-off buyers so they're not too much concerned about building a relationship or their reputation in the eyes of somebody who doesn't live there for that matter.

Both offered up to $40k, 12-14% rate which is higher but not bad for an unsecured personal loan. 

The only problem is that last part - no matter what.Every new investor needs a "deal killer" in their life.

This is helpful.

Austin is not a great cash flow market currently, but has proven to have solid long-term appreciation.

Additionally, the preREO strategy of having a receiver appointed to repair and rent properties during the foreclosure process is best suited for local investors, not out-of-state investors (or hedge funds, for that matter).

Is it foolish to consider using the HELOC for the down payment?

(Assuming quality of service doesn’t decrease.)No matter how you look at it, that is a ton of money.