I know a few folks who are in the 506 Investor Group that have great things to say about it.

I am excited to have grown to the point of tackling this big scary goal, and can't wait to meet some of you folks.

This is very uncommon, though I see folks posting about HELOANs for investment property.  

Be wary of the facebook groups as most folks will have a "pitch" or just see the possibility of a transaction.

Easy to do IMHO.Some folks use a tablet with a service but why complicate things I say.

And there are a couple of folks in town who are suggesting using installment contracts as workaround, as well.

I don't necessarily agree with the folks on here.

I know of some folks in KC and Memphis doing new builds like this, but they are doing it within a much larger and long-term project that includes upwards of 300-500 units built over the course of 5-10 years.Assuming you're looking in Columbia, do you have a "B+/C" neighborhood in mind?

Lots of absolute nightmares come out of sub to when folks get into title but dont have the money to pay the loan off or the ability to refi.

Quote from @Shayan Sameer: Quote from @Zachary Deal: As several folks have mentioned leveraging equity in current property you owned is a great tool but still comes with the some of risks as you had before using hard money debt as there is never a guarantee your new project will be a success (there will always be risks with real estate investing).Leveraging your investment property would probably be the first step I would take.