I assume the HELOC would be cheaper since you already have it and you only need to pay interest on the portion you are using.  

It'll be cheaper in most cases. 

I know some Russians that will lend me money cheaper than that and I'll keep the spread lol.To the original post - find a realistic partner under the terms that the others posted here or get a hard money lender for a year at 15% or less... it will be way cheaper than what Aaron is proposing. 

I also generally target cheaper homes.

Intrastate laws were always going to be easier and cheaper to work under than Title 3, but with the raised cap for state portals and the relaxed offering requirement it seems like the SEC is nodding to stats to take the lead and create the markets in lieu of Title 3's restrictions.So for anyone looking for real estate crowdfunding options, I would suggest getting in touch with your intrastate portals.

It can be much cheaper if you find the right contractor.

Currently I'm renting and it would be cheaper to buy.

Even in areas like Irvine, Lake Forest, Mission Viejo, etc. as rents are cheaper than Newport Beach. 

The insurance you buy will basically cover damage to the interior of the unit as well as liability, though it should certainly be cheaper than normal because it won't need to include damage to things like the building's roof/siding/etc.Also, if you haven't already, make sure the condo board allows owners to rent out their unit. 

You can usually buy them much cheaper than SFH per unit, and the rents are not that much less.