You do want to be careful though, as in a perfect scenario, you'd BRRRR the rental and when you refi, pull all your cash out to pay off your HELOC until you find the next deal.Challenge is that it's not as easy to do this as it was 2-3 years ago when low interest rates could cover mistakes.PM us if you'd like to chat about more specifics:)

If it sounds too good to be true, it probably is: If firms are offering unusually low fees or unrealistic savings, be wary.Lack of transparency: Firms should be open about their qualifications, pricing and processes.

Appreciation there is low, rents are low, and assuming maintenance as a fixed cost (for example, a hot water heater costs $450 from Lowes in Allentown, $450 from Lowes in Scranton, installation takes the same time, and labor costs aren't all that different), the ROI isn't great.

It's probably why no one has created a fly by night note fund in the past 6-10 months to get capital and get some yield for investors.

I think one of the tricks is rental rates are fairly low compared to sales prices. 

My BS detector went off the scale.He's a "search fund". 

What if they pull comps and they appraise it low, then I show them what my other smaller property is worth on paper?

if it's a low rent area then clean it up and don't spend the extra money.

New build means low maintenance but new properties aren't a low investment.

Customizable funds provide the best of syndication deals and funds where you can pick individual deals within the wrapper of a fund.