I would rather take a nap than have an extra few hundred in cf a rough area may or may not provide. 

We wouldn’t be  servicing as an investment company, we are just a company that buys properties and partner with individuals who want to invest their money in properties with us (partner provides down payment, we split profits). 

Also, since you say, it is 3 bldgs of 4plex each, you may want to see if you can get 3 individual loans as regular mortgages rather than a commercial loan for higher interests.

Sue each individual partner in small claims for 30K.

And you’re right, that extra 3.5% funding fee would not be fun to pay - even if you did roll it into the loan.

Hey there My 5cents , just pay more every month, it’s the simplest way ,paying a 30yr in 5y just means your paying all the principle (as extra payments) in a short amount of time , I would suggest not using a heloc to do so just make extra payments as much as you can reasonably afford and you’ll be fine,  hope this helps

I'm new in Pittsburgh and RE, so eager to build a local network with like-minded individuals.

If the ARV is actually higher than the 1% rule then it is not bad to have that extra equity, but the more that is borrowed against the harder it could be if the market softens. 

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

Hello all, I wanted to introduce myself and see if I couldn't meet/network with some like-minded individuals with similar real estate goals.