Majority of land titles have some sort of issues which come as surprise to developers even after stringent legal due-diligence for titles.

I had a beautiful oceanfront property in my portfolio, it was my worst performer by far, so I fixed that and it is now my primary residence!

I am not familiar with this sort of thing and I am getting cold feet.

The footings for the 'living space deck' will be different than the 'open deck', plumbing and electrical stub-outs will be noticed, things like that that....And if you get caught they will become your worst nightmare!

@Esther Tama and others,   Yes Esther I've heard of local credit unions offering good terms on commercial/rental loans and not being DTI (fannie under writing).Update on my cash out refi progress;- finished 2 of the 3 REFIs I started with FinOfAm, they where the worst, most painful lender / underwriting I have ever done, including bank/fannie under writing.  4 months, FOUR months to close each of 2 loans. 

. - Sort of, my xSD accounts each have an asset, the LLC, where the account is the sole member and the Custodian appointed me the Manager of the LLCs.

To all of you successful investors out there, what sort of ROI is acceptable for you to go after a deal?

I think worst case if Heloc doesn't provide enough equity i'll still be a position income wise to quickly build up an investment down payment through income. 

Is it possible to know what sort of interests rate I'll be able to get before purchasing a property?

That is great that you could do all that work for 45k, helps me to get a good estimate on how much these sorts of jobs can incur.