Sources of funds are only limited by your imagination, creativity and ability to "Sell" your ability to make it happen.

The downside to them is that they would not get to participate in the overall profit of the project if it all goes well, but of course they also have less risk than everyone else.If they want in as equity investors, you should consider an LLC or a Limited Partnership (with the LLC as the general partner). 

MostConventional loans have a minimum 2yr PMI term, after which an appraisal and application and result in removal of PMI.

Seems like the gradual approach to find out if it's right for me has been a common approach, just hoping i'm able to get in enough exposure on a limited basis.Originally posted by @John Slater:Hi Bill. 

Ok Brian, is the limit one forum?

Even though the application of a cap rate on future income is improper, if you are determined to apply the 3% spread rule, you might find a lot of success if you apply that rule to capitalized income upon stabilization. 

You will be limiting your pool of potential buyers.If I were purchasing I'd really take time to figure out if the land and the location was worth it and I'd make sure that I could get a good rent and that I didn't have a lot of competition.I have a client who bought 3 doublewides a few years ago. 

When you start borrowing that much money through multiple HELOCs, the limiting factor tends to be DTI, not equity.

Well your really going to limit your pool of potential properties by doing that .

If time is limited, listen until the 23:00 minute mark.https://youtu.be/oHZIN_5bEUA?