The sponsor argues that they get credit for bringing the millions of financing their reputations allows them to secure to get the project done.

HELOCs typically function exactly like a credit card except thy are secured by the property you are borrowing against, whereas a normal credit card is unsecured.

They may do it with just a lower LTV 60-70%.If they wont give you the HELOC I dont see why they wouldnt just let you open up a secured line of credit with the duplex being the collateral

Open to ideas and suggestions as well as connection to Wholesalers and other fellow investors from all over.Welcome to add and PM me directly also to email or find me on the FB : Danny Trestian Also great Mentors in RE investment / Flips and other methods such as buying off the market / buying for cash flow high yield properties / multi unit commercial residential units / Flips and other methods and options.Looking forward to hearing from you,Danny Trestian 

Classic BRRRR method.

Your wisest course of action is to see if you could have the keys to your new place a couple of days early (after you have paid 1st months rent and security deposit) to allow you time to move.

@Giovanni Brown Some properties are a better fit for the auction method.

Definitely want to play the long game, I just really like the idea of getting started using this method as I don’t have a large amount of cash on hand 

Re: postcard method, it's not foolproof but it's pretty good...

I am curious to how the security deposit gets transferred when inheriting a tenant.