Personally, I think they are very ugly and I really don't see how using them saves much (any) money unless you get them free.Finishes are the most expensive part of construction.

Nothing revelatory here - personal finance is personal.

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.

We can pay the contract early and get access to title earlier if we want- Property is in a very desirable area of town and I'm not worried about it getting rented. - My wife and I have very good jobs and I have no doubt we will always pay our dues to the seller, even if the property doesn't rent for 3 years- The seller (an LLC) has done multiple Contract for Deeds and has their process down.

I have good personal credit (~730-740), average-high personal debt (mortgage, student loans, vehicles,) and I am employed making $90k/year.

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

I have to do a little more due diligence before I feel comfortable with sending them any of my personal info.

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.