Investors, (two of us) ultimately funded about 32% of the project with cash and additional money was raised from members of the local REIA, simply by word of mouth.

Meeting them puts a face to the name and forms a human connection... you're not just after there money. 2) Provided them with a rental application.

I appreciate any input in advance.Not only are helocs harder to find for investment properties, what you intend to do with the money matters.

In fact, the latest Census data shows the suburbs are losing population to Detroit proper. 

Also, the seller wants me to set the closing date on the contract to June 28th instead of our original closing date, which was August 17th, because she wants to receive the money in a timely manner to pay her back taxes.

So, yes investors have been using creative or private money financing. 

Or the landlord had jacked the rent up since it was an arbitrager and didn't want to lose that extra LTR income. 

Yes, I don't want to waste time, but I also don't want tenants wasting their money.

Make money, save money, buy a house in a neighborhood they believed in, manage it well, and hold it forever.

That's not a lot money!