Quote from @Zalman Ives: Even if he could get into a $1 million home with no money down, his PITI would be $90,000 a year.

Or I can make it a gravel lot, put up a fence, and call it boat and rv storage.

Very easy to make a nice looking guestbook.

Investing in a per deal syndicate is different than a fund. 

Well yes if you are successful.The reality is 87% of those who try to make a career at selling real estate fail out of the business within just a few years.

2 - What RE Market data3 - What Demographics4 - This is an after purchase, not a before purchase item.

Managing these will be a breeze.

To me, PML is a friend of a friend or an Uncle or a co-worker's father. 

Some call a line of credit a bridge but its not its a open end mortgage and the lien is in second position.If you have any questions or want more info on the above types of scenarios feel free to reach out or send me an email.What you want in this current market is a cash out refinance unless you are trying to sell a primary or vacation home.

I will send you a PM for some agent referrals.