For my PMS I chose Smoobu for reliability.

Though the down payment and closing costs will not be huge, they will eat up a sizable portion of our savings.

In that scenario, it means that even if I would never be delinquent on payments, they would bump my rate to 11.675 to 14.675% if no Hassle-paper is given, apparently.

With an FHA loan I would easily be able to buy the land cash and have the down payment.

I was originally considering house hacking with a multiplex (and I have over six figures I could put for a down payment) in Philadelphia but it seems that the only places where I could cash flow right now would be in far west philly or in neighborhoods that are boring or not so safe, would be a longer commute to work areas, etc. 

@Brian Howse hey @Ather Taqui, if you do a umbrella policy it will cover liability and medical payments on all of your investment properties.

Would it be wise to use a Heloc for a down payment on my first investment property?

Unfortunately, this means that I have to let this deal go, but it made me come up with a couple of questions about this situation:Does anyone have experience in partnerships where one partner's only real requirement is to sit on the loan and potentially provide interest payments when needed during the duration of the construction? 

@Samson Oni I accept Check, certified payments, Venmo, CashApp, Zelle, Facebook Pay.

Speed, convenience, trust, and reliability of pursuing their goals with a trusted advisor.That's it for today.