You might as well save yourself the headache and put that $ into a mutual fund which will get you 6-8%, you should be looking for deals with 15% CoCR. $200/mo without paying your self for being a property manager is not a good deal!

My goal with real estate investing is to build enough cash flow to fund my other business ventures as well as donate to financial literacy programs.  

Provide value by finding and managing the deal while the partner brings their experience and ability to raise money... it might not be a lot of equity % on the first few but the important thing is the experience and building a track record. 

How do people traditionally go about funding this when you just get started.3) Take out a home equity line of credit. $20k again. 

You're interested in lending your funds on fix and flip projects?

We will be raising rents of some of the units upon purchase. 

HELOC and refi are the sources I will be turning to to fund my ADU conversion right now.

I have heard that one can set the funds aside in escrow until it is settled and proceed with the sale, but not sure if this is the best action to be taken.

We can't even agree if the fed will raise rates in December...

t hits the fan" fund.