I learn through observation as well as research.

Not trying to be an ahole, just an observation.

What are some of the key points of consideration one should observe before taking out a first-lien HELOC?

Some observations:- I don’t recommend offering discounts for multi-year leases.

As someone who is born and raised in Seattle, works in tech, and can throw a football at their HQ from my house, let me share my observations about Amazon. 1.

What is true is that he is sitting on many vacant properties in the neighborhood which from my observation is hurting the area.

Pulled over on a curb for 10 minutes to observe, lots of people walking back and forth from corner store to row homes.

My observation is that majority of HMLs do in fact operate in the way you mentioned - typically you will have to front cash for the first draw if your specific contractor requires that for materials, drawings, dumpster etc.  

What I was saying was that if and when you learn real estate you won't need to  wholesale, you'll have an understanding of the business and know how to take title which leads to greater profits, It's what you don't know that's holding you back and putting you in a position of questionable dealing.Just an observation on BP, it appears that our newbies and wholesalers are twenty somethings.

If my observation is correct and there is actually an algo bidding up below reserve auctions when 10 seconds left, I don't know if it's illegal but it's definitely unethical.