This also leads owners to ASSUME simpler is better when it comes to management contracts.

Personally, I think they are very ugly and I really don't see how using them saves much (any) money unless you get them free.Finishes are the most expensive part of construction.

Hi Sam, If the property is priced well and there is an expectation of a handful of offers that you would be competing against, it may be helpful to work with a lender can issue an expedited commitment on the loan within 24-28 hours of getting into contract. 

Before the late 1970s there were no real estate gurus, no real estate investment courses, no house flipping TV programs, no real estate get rich books, no real estate investment clubs, and what experience the general public had about real estate was limited to buying their personal residence. 

@Joseph Lombard The HELOC is best described as personal short term financing.

Here's the situation:I hired my PM in February and officially signed the contract in March.

I have good personal credit (~730-740), average-high personal debt (mortgage, student loans, vehicles,) and I am employed making $90k/year.

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

I have to do a little more due diligence before I feel comfortable with sending them any of my personal info.

They can't trap me in the contract.