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.

If you have cash, know that 99% of wholesalers will have low repair values and high ARVs that don't match the actual data or upkeep of the house.Also, ask if this is being daisy-chained, meaning are there other wholesalers or investors in the line between the person offering you the deal and the seller.

I personally would approach this with a self assessment.

like - your own market. or a market a couple hours away that you can spend some time in person in. or where you went to college. or where you like to vacation.

I am not a market-timer, and a time in market person so just for folks calling that out that is with this considered.