I wasn't aware that bidding war is also ongoing with new construction and was told I don't need to worry about such when buy new.

However, there are risks involved, including market fluctuations and the ongoing costs of maintaining the property, along with your HELOC obligations.

two which are Airbnbs and have constant ongoing expenses, the others fixed tenants.

As a GC myself on that side of the fence and an investor/developer on the other side of the fence, I see both sides first hand.Highland park is a great spot, I have 2 ongoing projects there for other developer clients as well as one in Atwater Village in NELA.

It's easy to obtain, costs very little, and doesn't require additional, on-going effort to maintain.

The idea of years of payments did not sit well.Went to college & got a degree in Environmental Management, then all kinds of crap happened, now I live in my Jeep.I bought a lake lot were I keep my old travel trailer which was once my home, & all my other belongings I don't need day to day.So I've rebuilt my credit & want to try to buy rentals in the Grove, OK area, particularly in the lake community where my lot is located.But I don't have money for down payments and it would take forever to save enough for one from my W-2 income with all the payments I have ongoing. 

Your report link does not work on my end.At any rate, I know the highland park area fairly well as I have 2 ongoing development projects there plus previous.

But it’s hard for many investors to grasp and it includes a built-in reinvestment assumption (saying ongoing cash flow is reinvested at the same return along the way).  

Strata does band aid fixed but the issue is still ongoing.

This interest rate environment offers a great chance for your in-laws to have a safe ongoing return and you either a lower downpayment entry or excellent debt structure.