Check with your bank you use most and keep them honest with another bank.

The R2R team was great with communication, providing guidance and insights, and getting me in touch with the proper resources.

You have 30 days to recuse yourself from the program and if you do not keep up with your commitments to yourself, you should expect a tough love call.

But for now, I'd say keep away from them.I feel bad too, because I got a colleague involved with Homeroom.

My thought is to use a HELOC for the down payment on a new property (20% down), then once I acquire it, do a cash-out refinance to pay off the HELOC while keeping my original low rate intact.

How long does the city keep the permits?

Mostly the ones getting into trouble are those who overpaid in 2021-2022 expecting rents to keep skyrocketing and cap rates compressing.

There is more beyond merely setting it up though involving the operating agreement, separate accounts and books and no co-mingling and many people don't keep that piece maintained too well. 

Then can decide for whatever reason not to fund the loan and keep that engagement fee.

Keep it up