At the national level, it's the best of the worst in that industry - a lot left to be desired in the customer service department but still better than doing it on your own.

Another pro for a HELOC is not having to meet a HML's requirements for a loan (insurance, draw schedules etc....)

They sound very knowledgeable and I am interested in jumping into the customized course they offer. 

The main thing that pops out at me every month is that less than half of my payment goes to paying the principle down, over half goes to the interest, taxes, and insurance, ect. 

Cash flow has been hampered by an increase in cost of ownership recently, specifically insurance. 

Once advanced at underwriting, you will start to build your own or customize one your using for your needs. 

[1]    You might want to think about opening 2 FDIC insured savings accounts that have no fees.

If you are trying to get a cash out refi, I would think the bank would want to see the correct type of insurance for the business you are running.

Here are a few stats which should raise an eyebrow about Detroit $1 billion invested in more than 4,600 units of affordable housing over the past five years Job growth with more than 25,000 more Detroiters employed since 2014 A return to investment grade bond status for the first time since 2009Reductions in crime beating national trends, including the fewest homicides in 57 years Successfully hosting the largest ever NFL Draft at 775,000 people over three days In terms of starting out in Real Estate it also makes sense to invest in Detroit considering that the entry costs are low and if you plan to buy and hold, Section 8 makes for a great partner to insure steady rent payments.

A syndication was way overkill because there were only 5 capital partners so they customized an operating agreement with their attorney that outlined roles and responsibilities, distributions, membership interests, etc.And you don't have to have all this stuff figured out right now; it's very customary for us to assign the contract to whatever customized entity we end up forming.Just one caveat.