I prefer not to put any $ down as 10% would be $150k for this project.

Wholesalers tend to overinflate the ARV and under estimate repairs needed as many do very little due diligence, putting all the risk on you. 

The fact that you want to buy and are not selling puts you into another catagory from the do not call list!

We started tear down in Nov and framing started 7th of Dec. it took way longer than expected since I’m a GC and used my own guys, I put a nail in my hand and other guy had a baby plus holiday time it was way off….. **** happens I guess.

how’s buyer going to get a loan for 70% when he’s putting none of his own money into the deal and just getting the seller to carryback in second position what would normally be the down payment?  

There are many reasons for this but I tell all my clients to put in an llc even though I could do either way. 

A couple of things I've noticed is people are "staying put" for lack of better wording.

Using a HELOC puts more liability on you while the hard money puts onus on the lender while you leverage their money and maintain as much of yours as possible. 

That doesn't mean it is a bad deal.. i would just look at ultimately in terms of house hacking or a BRRRR: 1. how much money you had to put into the deal2. what will my estimated payment be 3. what is the total rent roll

@Taylor, building the two single family homes you referenced, are you doing it on already developed lots in a speced neighborhood that just sells lots you build on or did you buy the land and develop from raw, put in utilities, etc....Trying to find a reasonable way to start gaining experience building/developing