If you have a proper exist strategy to pay off the HELOC, the HELOC is a great way to tap into the equity for a relatively short period of time.

The health care traveler market has fallen off and more people are getting into it.

They don't know anything, and they will rip you off.

I had no idea these guys were charging this kind of money to supposedly learn how to syndicate an apartment deal.I'm kind of the opposite - I dont want to use other's money and think if some of these bozos can do it I can - and if I get successful and someone wants to meet me for lunch I wont charge them $30k - we can go hunting or to the gun range or drive off road somewhere and I'm good.   

I am wondering the best loan process of purchasing off market properties not using a conventional bank.

You presumably wouldn't allow that happen if you still had equity in the deal.But, if you did lose the property to foreclosure, it would be auctioned off.

Off market - seller wanted a cash offer How did you finance this deal?

We have one multi family property that is fully paid off and generates roughly $200k in NOI/Cash Flow. 

TLDR: I found a seller who is open to a financing an off-market 5 unit multi family home near a major hospital in Denver.

I'm certainly trying to avoid getting too married to one area off the bat and making a rash decision.