Set aside a very substantial legal defense fund if you decide to do these. 

Tribes might even provide additional incentives, like grants or infrastructure funding, to encourage investment.

Anyone know the names of the funds that Lee claims to manage?

If so you need to fall into the guidelines (for the investor whos funding it) regarding non arms length transactions.The most common scenarios they typically prohibit are:- Gifts of Equity- Bailouts- Leaseback OptionsAt the end of the day it needs to be a legitimate transaction, with legitimate funds coming into close.

I've done a few deals where the bank offered purchase + rehab funding up to 75% ARV, and then it converts automatically to a normal mortgage loan at the end of the rehab. 

Don't use your emergency fund. 

@Edgar Duarte Selling now under the primary residence exclusion avoids capital gains taxes, allowing you to reinvest the $500K equity in diversified assets like index funds or additional rental properties.

I found a property in my area that would produce decent cash flow and appreciation; however, I would have to use funds from a HELOC on a different rental property for the down payment.

From my experience, if I had started in real estate right after school, I would have very little network and little to no funds for the RE exam, CE classes, and networking registrations.

Along with not having sufficient funds to operate their real estate they fail to consider what happens when the property must be refinanced.