I've heard several guests on the podcast discuss having a packet of some kind portfolio or package that they present to lenders when trying to acquire financing.

With those cheaper homes packaging together like you did really seems to be the way to go even if you are giving a discount to market price.

But if you are just looking at finding properties on Zillow and MLS.com etc and then offering them to your investors with a pretty packaged number set, I'd do it that way.Good Luck!

Or, they can demand a higher security.

They are not together or being sold as a package.

Have others been able to secure a HELOC from their portfolio.

All 3 of us have great jobs and great credit so securing a mortgage shouldn’t be a problem.

from the documents a few BP folks sent to me a few years ago. it looked like they were investing in multi beneficiary mortgages IE multiple investors in a fractionalized mortgage.. which can be argued is a security .. in CA they are quite common but you have a specific disclosure document that must be filled out by a real estate broker .. it lets you know who the co investors are.. which is really the rub here.. none of these folks know each other.. and of course this is always the rub in a pooled syndicated investment that goes south.. 

Other than submetering, I'd recommend you ask to see the leases and whether each person has a security deposit that matches their present rent.

Because this deposit typically transfers over to the new tenant's security deposit, should I be charging an amount equal to the security deposit or only a fraction of that amount?