Since HELOCs have adjustable rates they will often catch people off guard when they adjust.

They aren't going to catch up no matter what they say. 

@Dane Michael Lannon sorry I didn't catch this post earlier but if you are not occupying the property there is not FHA/Fannie/VA renovation loan option that you can use on a duplex. 

Welcome to the community Jose, your ambition will catch on like wild fire and inspire others younger and older than you.

Feel free to pop me a DM anytime to say hi and catch up for a coffee or something.

Contribution limit for 2019 is $6,000 plus $1,000 catch up for those who are over 50 years old. 

The big catch here is that similar to the private money example, you need to ensure you have a solid strategy to refi out with a conventional or portfolio lender as there will be seasoning requirements and a chance of a low appraisal.  

The catch is that only accredited investors may invest AND they need to prove their accreditation status if the Sponsor wants the full protection from liability that the 506(c) offers.I personally think that non accredited investors should have the same access as accredited investors but I don't write the rules :)(I'm not familiar enough with the other types of offering out there, including crowdfunding, to know if there are other alternatives.)

@Hai Loc Good catch.

I would leverage the lease in regards to fines, pet deposits etc to get as much $$ as I can right now to help recoup any damage already done when I don't renew her in 3 months.When you catch a tenant in a lie...or in this case multiple lies.... its only the tip of the iceberg and if you let it go unpunished, you will open the door to more lies and future issues that will cost you $$.