Have you seen the past projects in person? 

Your comment says a lot about the type of person you are.

@Andrew JaquezI think what you're missing is... there will be lots of other expenses, and there is a 0% chance you will cash flow that much.It sounds like you've been going there in person to look at properties - is that right?  

If you can use OPM on the renovation at say 7% with plan to pay the principal down in less than a year, then I would invest your personal funds elsewhere into another deal or do something with your current STR to help it stand out.From my experience, HELOCs scare me but I do know if done the right way they can be very effective.I'd be happy to chat more on your Smokies STR on how to help make it stand out.

There is a person in California who asked me to move into their house to rent but I am more interested in buying the place as it can be turned into a multifamily property.

Find the house, flip it, sell it, pay my own personal expenses.What would be a fair payout to a financing partner like this?

I find properties myself or use personal connections.

I just bought a seller financed property in Dunn from a person that I previously trusted.

Quote from @Melanie Bor: I recommend you attend some networking meetings and speak with other investors for personal recommendations.

Feel free to inquire about their staff qualifications if it's a larger organization.2.