No, unless you have a pre payment penalty with your lender. 

HOWEVER, some HELOCs have a pre-payment penalty, so read the writing very carefully.Emrah

Expenses: assuming zero negotiation buy @ 138,000 including closing, 80% financed 20% down PITI + Condo Fees, cable, sewer, trash, water: ~$1,050k/mo @ 5.75% APR 30yr fixedDown payment: $27,600Rehab budget: $27.5k Furniture budget: $10KMonthly: Utilities: $100 power, $90 internet, $100 maintenance, $700 cleaning fees (7x times per month average)Total Expenses: $65,100 cash + $2,040/monthIncome: Identical comp (same condo model, different building) on AirBNB & VRBO $14.5K @ 64% occupancy over 161 days (AKA ~102 days rented @ $141/ADR) and also rented an unknown amount of additional time on furnished finder @ 1,600/month. https://www.airbnb.com/rooms/6...Full time gross income: ~233 days @ 141 ADR: $32,853/yr or $2,737/moth completely ignoring furnished finder revenue. -7% in taxes inside ADR yields results in $30,553/yr or $2,546/monthNOI: ~$506 month or ~6,072 year. 

What I meant was all else being equal what does the llpa do to the resulting mortgage APR.

The payment for my HELOC was explained to me as:So the payments on the amount you withdraw at the beginning will be based on a calculation of the interest on the loan + 1/360th of the balance every month.So your interest would be your balance times the APR and then divide that by 12 to get your monthly interest.

NOI is also a pre-tax number. 

I'm from New England, but very familiar with that area given the amount of skiing and summer traveling we do around there.

Transfer Tax and Broker Fees) = - 132,250.00Interest to Hard Money Lender ($1,068,070.25 @ 10% APR, Funds were provided as needed, Up to C of O was Issued, Total 16 Months) = - $166,778.11Total Construction Costs = - $982,680.00Total Profit on Deal = + $228,291.89Scarsdale Homes Fly Off of the Market along with other Westchester County Areas.

In the end though, actually executing on a pre-foreclosure/foreclosure is the hardest part as you need to figure out how to contact the owner or lender and make the offer...which is really where the rubber meets the road in this particular investment strategy

You can’t ask people that you don’t have a “pre-existing relationship” with to invest with you.