@Nolan Mahoney I personally don't find anything wrong with it.

@Jacob LopezYou're not wrong.

This is where I am having trouble figuring out which direction I should go - I am a REALTOR and a Licensed General Contractor so I have access to MLS (am also working with 2 REALTOR's who deal specifically with investments - one deals with STR's in the Nashville, TN area the other deals more with Fix and Flips in the Baltimore County area). 

It goes from Roofing, HVAC, Electrical to just establishing rehab cost for ARV accuracy on a timely matter.If you have any specific question just contact me with a direct message.I will be glad to help.Thanks in advance

There are many other factors to consider besides bedroom count and of course you need to research your specific market.

Any specific clauses that should be included in the case someone bails and the other 2 have to be responsible?

Hi @Peter MatusI don't have all of the information on your specific situation but that does sound high.

--HELOC is against PRIMARY---Rate is 6.95 first 12 months then prime +2 for a total of 10y, interest only, then amortized--Total HELOC would be purchase price + Renovations (approx 120-130 total but who knows)Projected cash flow is estimated without knowing specific extra costs.  

Connect with some of those Nashville and Tennessee Facebook investor groups and ask this question there since it's so market specific.

and is this your thought on my situation specifically, being a total beginner?