But as is true in many markets, this place is street by street.

That is true, but then again depending on how approachable and kind you are to the person when speaking to them it could change their previous assumptions on stereotyping real estate investors.Basically, what’s the worst that could happen?

I had rekindled my desire to pursue real estate this year and BP has fanned that flame...Im married to an awesome woman and have 4 beautiful children all of which present me with motivation to make some things happen.

I called up a regional bank to inquire, but was told they can't do a HELOC on rental property, only a primary residence or summer home.Is that true for all banks or is it dependent on the bank?

She is keeping track of subcontractors and payments (I've given her blank checks) and there isn't a true general contractor in a sense. 

They do advertise high yields...falls in the top Good to be true category.

@Craig Schneider Tis true, NYS is another beast in any industry. 

It has recovered nicely but that is something that may happen again.Note that the S&P500 in the past two years has been about 15% IRR so this is great for diversification and it may keep pace with the market in the long run but true full diversification is also important.Bottom line, as far as I am concerned, I would give a green light to Fundrise with the caveat of a reocmmendation to diversifying between multiple offerings (I like wide diversification for safety).

I’m curious about your experience renting. you can...i basically just found a really responsible relative and convinced them to move into our upstairs apartment for the same rent they were paying at their old place. twice the size and much more beautiful. we figured it was best to charge less than market rent and have peace of mind with someone we knew to be responsible than to try to charge market rate and play russian roulette with tenants in the Bronx. 

Originally posted by @Aaron Klatt:Yes less down typically offers a higher COC return, the main thing that I would be worried about is that your total project cost is $152k for a property you say has an ARV of $139kHmm , that's true.