Your properties have needed constant work, making you negative for the first year. 

As I mentioned every person and their criteria is going to require a different loan program and each loan gets risk graded based on several factors.

I would only add these two: FIRST - people constantly ask which algorithm to use to get their prices set.

This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.

this is the same in all markets .. guru constantly pumping new folks to wholesale .. for every 3 that enter 3 then quit but it mucks it up. 

With rates in constant flux, you might have opportunities to lock in lower ones.

And I was constantly more worried about my own project.

I just can't accept such a constant ever increasing loss, even if I can afford it. 

I see people doing this wrong in Michigan constantly.

I'm a GC as well and did the math, the Heloc would save considerable interest because it would average on 33% of the balance borrowed at any one time (and thats assuming constant deal flow).