Given that this individual is not particularly interested in using the home equity for his/her own devices, is quite happy to lend to me at 0.25% above the HELOC rate (yes, I acknowledge I'm very lucky), it seems like it makes sense to take advantage of this rate difference. 

Though I will say, if you have an amazing deal with alot of meat on the bone its better to partner up and get a chunk of that equity and sell it when you can dissolving the partnership so you can head out on your own vs not doing the deal at all. 

That being said I would be lying if I said I don't care for materialistic things. 100 Units seems like a good goal to have and seems like a big milestone in real estate investing (to me at least).  

DM me at BP.

@Ari Hadar If theres enough meat on the bone during a downturn and with the crazy lumber prices then yes.

I also have $20,000 cash and I’m a Realtor so that would put me at $140,000 as a cash buyer in Brevard County Florida.

Well, a large snake slithered into the dryer through the outside vent, and the heat cooked the poor fellow and ruined the dryer.A year later, rinse, lather, and repeat.  

The counties that had the greatest number of foreclosure starts in February 2021 included: our very own Los Angeles County (leading the way with 234 foreclosure starts); followed by Utah County, UT (224 foreclosure starts); Cook County, IL (154 foreclosure starts); Harris County, TX (97 foreclosure starts); and Riverside County, CA (74 foreclosure starts).

You can see from the below data outside of the city the top areas for 2-4 units are the near western suburbs of Cook County - Cicero, Berwyn, Melrose Park.

This would still put me at around 60% LTV..