I was also thinking that this may lower our office building payment which is good for our personal cash flow with other investments moving forward.Thank you all for the advantages/disadvantages and I hope this doesn't come off as an irresponsible thought.Kegan

The contractor causes injury to someone visiting the property (instpector, delivery person, etc.).  

I chalked it up that he was going through some personal stuff but would not be renewing his lease, his lease ends on the last day of July.Well, a month went by and then I got to wake up to another large unhinged text of him accusing of another tenant of mine of a disgusting and sexual act in the bathroom openly in the household's group chat.

Personally, I think they are very ugly and I really don't see how using them saves much (any) money unless you get them free.Finishes are the most expensive part of construction.

Just as a reminder in addition to the interest rate, amortization schedule and fixed period of the loan, inquire about: 1) Prepayment Penalties (In case you want to refinance in a few years), 2) Possibility of Rehab Funding, 3) Reserve Requirements, 4) Personal Guarantees, 4) Rate Adjustments (i.e. at the 5 year mark) to understand other variables in the loan product that works best for your project.

@Joseph Lombard The HELOC is best described as personal short term financing.

I have good personal credit (~730-740), average-high personal debt (mortgage, student loans, vehicles,) and I am employed making $90k/year.

I have to do a little more due diligence before I feel comfortable with sending them any of my personal info.

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

In order to undertake a new build I would have to personally know the builder and be comfortable with his work.