I try to bring in 2-3 contractors and I ask them to break the estimates out by job and that I'm looking to hire out most of it but may do some of the work myself because I'm interested in learning more.

Given your strong net worth and experience, investors might be interested in a short-term investment with a clear exit strategy.Home Equity Line of Credit (HELOC): If you have significant equity in your personal residence or other properties, a HELOC can provide access to funds without selling any assets.Securities-Backed Line of Credit (SBLOC): If you have an investment portfolio, you could borrow against the value of your securities without liquidating them.Seller Financing: Negotiating with the seller to finance part of the purchase price can reduce the immediate cash requirement.

Hey Art,Your Athene strategy definitely piqued my interest.

Research the neighborhoods you're interested in to identify areas with growth potential, strong rental demand, and favorable appreciation trends.Financial ImpactCash Flow Analysis:Perform a cash flow analysis for both scenarios.

If it's 1-4 units, then you'll need to look at comparable properties, but with 5+ units you'll want to determine the future value with NOI and cap rates. 

However, if you’re unsure about future property values due to the unique nature of the property, this could pose more risk.What You May Not Be Considering:Financing Flexibility: Using a HELOC for repairs is a solid plan, but make sure the loan terms are favorable and the rates are manageable over time, especially with interest rates fluctuating.Vacancy and Maintenance Costs: Once all units are rented, factor in potential vacancy periods and ongoing maintenance costs, especially with multiple units.In conclusion, while the repairs are a big expense, the strong rental income potential suggests it could be a good deal if you manage the rehab costs well.

Also, these forums seem to be a great place as well. 

Zillow is a great source of leads for us, but we have a contract with them.

Hey guys, I’m Jaden, and I’m looking to connect with fellow investors interested in small multifamily properties in Southeast NC.

Maybe 6 years ago, I had a variable rate mortgage with a local lender and rates had dropped but I was not due for a rate adjustment for a few years.