If you have to ask question #2, you are in over your head in getting into a syndication. 

Can someone help me wrap my head around this with real numbers? 

@Ashley Gamble@Steve K. hit it on the head.

I don't want to say I have knowledge like a professional but I have been learning about real estate for two years now and was considering getting my license I had taken those courses but some things happened and I ended up not getting it right now I want to start with wholesaling real estate for other personal reasons to get a head start on experience.

If you’re confident in these numbers, it could help mitigate the risk.Exit Strategy: Your plan to refinance after construction is solid, but keep an eye on where interest rates are heading and ensure the cash-out refinance will cover the HELOC without leaving you in a tight spot.It sounds like you're on the right track, but if you're still feeling uncertain, it might be worth consulting with a local real estate professional or financial advisor who can help you analyze the deal further.

Hey Jay, I don't know any of any PM's off the top of my head that go out to Stuart but happy to try to find some recommendations for you. 

@Noah Harms - if you don't know, Dave is the host of our BiggerPockets Real Estate podcast and also the head of RE investing here at BP so this guy is in the data every day and really knows what he is talking about. 

Right now my head is swimming with all this new content, but I'm optimistic that things will eventually slow down.

thx for the heads up. 

I have begun to collect and really learn more about the art of Bourbon and have taken a break from reading books about  Real Estate for a few months to reset a little and have dove head first in to the world of bourbon.