I am a minor league baseball player and I have zero experience with multifamily other than what I have read on it.

No I would not buy a HELOC with a first borrower who isn't paying as agreed, they are players.

The Florissant properties are in terrific primarily owner occupied neighborhoods and all have VERY high end renovation standards - probably head and shoulders above any turnkey provider I've ever known... and Maverick is one of the earliest players in this industry coming up on our 11th anniversary.

If I were you I would start hitting up a few REIA meetings and get to know some of the players around you.

It's unlikely that you'll net anything above 9% in these areas as you would in C/D areas as they're less risky but count on a safe 6-8% net.

And having personally owned well over 400 of these doors .. there is no WAY your going to convince me that this low end C / D product out performs B class in ease of ownership and ability to collect rent over time.. break ins and trashed units at turn over..

The state lawsuit has now turned into a Federal RICO lawsuit with a lot of players.

You don’t unless you used to work there or you happen to be a big enough player in buying REO properties that they know your name.

- Money market (FDIC and available quickly)- Stock market (good return but some risk)- Bank CD (FDIC but locks term)- Private money lending (higher risk)- Other?

If you don’t develop the entire community but have permitting/approval for significantly more units, your exit strategy will be far better attracting the bigger players to pay a premium for the upside potential.A client of ours recently tore down and rebuilt a small MHC in central FL.