William OrrockAbsolutely agree with @Clayton Mobley - in simpler words: KEEP AWAY FROM THESE OFFERINGS, look for rates of returns between 8% to 14% (This would summarize more your research for a good and more credible investments)

I thought I would just summarize what has been said in this thread in how financing works in a LLC  from a lenders perspective: 1.

If I may ask, can you direct me to a link or video that best summarizes the Cash Flow Index? 

My question to summarize is, do you know hard money lenders looking to work with newbies who have a proven professional track record just lacking the full real estate experience?

My experience was with Ohio Cashflow and you can click on this link for my review of them:https://www.biggerpockets.com/forums/92/topics/607571-ohio-cashflow-llc-review-2018And there is another topic which is like master topic for Ohio Cashflow reviews:https://www.biggerpockets.com/forums/92/topics/185261-ohio-cashflow-llcTo summarize very briefly, Ohio Cashflow and owner Engelo Rumora have a very strong online presence, which provided trust (You can easily spend couple of days devouring the content they’ve produced online).

I can't summarize everyone's feedback but I do think there was some general consensus and I echo that: I'd be VERY cautious about using a HELOC to pay a down-payment on a house. 

Paul, MN.Here are the summarized numbers from the owner: He keeps very precise track of all of the apartments expenses and incomes so I take them at face value. 

Good job documenting your results.One thing I teach my acquisition team and we require at the office is to summarize the conversation they have with the seller with the following script:W - what is the house WorthO - how much do you OweW - Why are you sellingP - tell me more about the PropertyA - tell me where this property is located or the AreaRe- what are the Re-pairs needed if anyLo - if I offer you all cash and close in 2 weeks, what's the Lo-west price you will sellBased on these answers, we plug these in our Deal Flow Analyzer and it will tell us which among the 10 ways to make money from any deal makes the most sense for the lead.

Summarize what you understand the life cycle of your project to be.

. $250/mo x $12 = $3,000/yr x 3 SF = $9000/yrOperating Expenses include insurance, taxes, 8% management fee = $230/mo x 12 = $2,760 x 3 SF = $8,280/yrRemaining monthly balance of $230 paid to you monthlyTO SUMMARIZE: Gross Yearly Rent $25,200/yrLess Operating Exp: $8,280/yrFinance Payment: $9,000/yrProviding you with a NOI of $7,920 during the 4 year finance term.At the end of the term, your NOI is $16,920/yrHow does that sound?