@Randy MannYou will need to find a private lender or partner on these dealsAlso recognize that when you go to refinance it probably will not be in a year as the lender will want to typically go 75% max and chances of that type of appreciation in 12 months is very very low

On the flip side if an extra $500/month would drastically change your financial situation then go towards a more cash flow market.

The GROSSS RENT for all 8 units is $4500 per month?

Per each case I have dealt with thus far.I understand you may disagree with some of my points - but understand - they are not opinions - they are reports of what we have actually done in case after case after case.I agree 100% with you -- if you do these, you either need to be very experienced or close them with the right people who can substitute for that required experience and keep you safe.We close at least 50 of these every month across Texas -- and we close them legally and as risk free as possible. 

Also Dave this is one of bit of secret lol , if you see this chart , from month-to-month perspectiveyou would notice for this market, price is up when inventory is low and price would start to drop when inventory is at peak, this is repeatable seasonality in this market.

I am looking at the following deal:Address: 4116 Jason Rd, Spring Hill, FL 34608Asking Price: $650,000Property Type: Multi-Family | QuadPlexBedrooms and Bathrooms: 8 Beds and 8 Baths | 4 UnitsSquare Footage: 4,644 Sqft | 4 UnitsCurrent Monthly Rent: $5,525"This property comprises two fantastic duplexes built in 2007, which share a lot and feature a private screened-in pool.

You know how many months you could afford to go without any income from a property. 

Market dependent, section 8 can pay more per month than a cash paying tenant.

Ideally, you want a plan that pays off your Heloc within 12 months imo.

The houses that sold paid off the side note in 8 months or so.