I’m thinking of taking my friend up on a 25% interest promissory note for his company just so I can cover the $2k/month interest I’m paying on this equity cash out.

They have guarantee funds from the government.

We had quite a few there with the last large fund I was with and A LOT of the homes look exactly the same and have all the same amenities.

A Heloc is best utilized as rehab funding when doing a Value add deal where you buy something, fix it up (using Heloc funds) then refinance and pay it off.

This has been happening for decades with Cali companies relocating to Texas.

I have funded quite a few Tax sale purchases on bare land in FLA and my clients I lent money to did well with them.. but they are spot lots. and they sold pretty quick on the open market not sure having habitat as a buyer is any bonus for U.

This city is experiencing rapid growth, with many large companies planning to move to the area in the next few months, which will result in an influx of new residents and a wealth of job openings.

You compare bids from companies for your complex to a cleaner and an STR. 

I would recommend always use an attorney to draft your documents and use a title company to close.

I would try to make sure a title company is involved, because if you go to sell it later, the title company for the sale may be too conservative about deeds that were recorded without being part of a title insurance policy, if that makes sense.