People they have existing relationships with and that trust them and want to support this new venture.I am going to disagree with Corby a bit.

@Chris Seveney is much better informed about the current state of note sales than I am since 80% of my business is originating high yield notes and only 20% is the purchase of existing notes.  

I think my partner and I may be exploring a complicated solution - glad to hear that it sounds like one exists!

Because the builds do exist.

Not sure what the cost is, but I do know it exists.

No.Did the ice cream parlor even know you existed?

So glad this place exists for folks like me to learn from you. ✨ looking for ideas on to  how to acquire an owner-occupied property  with 5% down by using a mortgage loan product to purchase , improve and  avoid mortgage insurance based on projected value?

So you are doing construction in your yard, but not directly connected to the existing structure the tenant lives in and they are already complaining?

How wet is too wet for existing subfloor? 

Second position DSCR does exist but rates are even worse than HELOANs, I'd expect 11-13% right now.Getting a simple cash out refinance sounds like the simplest option, but if you can just get a large first position HELOC only that would be a pretty convenience deal.