I am seeking to obtain a line of credit for these so I can tap into that dead equity.

We truly believe in fostering community and providing affordable housing while maintaining a high standard of ethical management and resident well-being.We are definitely looking into growth opportunities for our properties here in Norfolk, but we’re taking a careful and steady approach to ensure we can continue delivering quality for our residents.

…Or can I assume these hosts are running their business improperly? 

Absolutely can.

Buying off-market from a wholesaler can definitely offer some good deals, but it’s not uncommon for a partial renovation to turn into a full one, as you've experienced.

Feel free to reach out if you're open to exploring loan options, and we can discuss how to make this happen.It may be possible to pull some strings and get you a no-experience ground-up-construction loan, I'd be willing to go to bat for you.

Can you multiply cash flow simply by changing the type or adding doors (from SF to MF).5.

Partner 2, providing repair and renovation skills, can be compensated either through being paid for their work or through a similar equity split, around 20-30%, while still reflecting the value of their expertise and labor.Partner 3, who brings the capital, usually covers down payments and renovation costs, which justifies them receiving a larger share of the profits, often in the range of 40-50%.

If I'm required (by the bank) to leave 30% in the property...who is finding properties where they can make these numbers work?

@Zachary Kersh Go where you can get the highest income.