This house currently has no renter though they are actively looking to put one in the home.House 5. rents for $725/m the loan will cost me $13,000 as a down payment and $6,000 closing costs, and should cash flow approx $275/m after mortgage payment are made.House 6. rents for $725/m the loan will cost me $14,000 as a down payment and $6,000 closing costs, and should cash flow approx $250/m after mortgage payment are made.To be able to make this down payment I have the option to:HELOC my current home which cost me about $850/m in repayments OR I can find a hard money lender who would be interested in working with me, I am currently putting together a hard money lender proposal to show a couple family members that would basically look like this: No repayment in the first 12 months, all income going into an account to allow for repairs and emergencies, after that taking the cash flow and splitting it 75/25 to the lender paying it off in approximately 13 years, sooner if we can make extra payments on it and giving the lender an 8% return on his money(about .5% less than what I was quoted for my HELOC).ORI can potentially do a deal with my brother who is also looking to get into real estate and we split the properties 3 a piece.These properties are right outside of a military base in a low income city but have done well for the family currently owning them with consistent long term renters in them.I am looking for any advice as to whether or not this is a deal worth pursuing.

In the end, it's your decision based on your comfort level.If I (my risk profile) were you, based solely on what is above, I would not go for the 3rd property at this point.

I am also concerned that at that point new HOA might have to raise the fees significantly or charge lumpsum to the condo owners based on something that might come up.

I've worked on some preliminary underwriting analysis based on my land development research over the past few months.

Her book is based on her actual experience with her STR properties. 

The draw processes are not efficient .

I'm based in NYC and managing the MTR apartments remotely has not been a problem. 

Hey @Casey Haight, I'm also based in Salt Lake, and was in a similar position back in 2017.

That you are experimenting with different approaches and trying to get in touch with Denver-based investors is great.

Here’s what I might do based off your situation:Steps to Put Your Equity to Work: Evaluate Your Investment Goals: First, clarify your investment goals.