Learn how much of the deal they'll fund, both acquisition and rehab, how they handle draws, etc.4) As you build a track record, learn about Private Money and get to a point where you can access that to close deals and fund projects.5) If you go the wholesaling route (primarily), consider strategically balancing the number of assignments and double-closings you close, and depending on your average spread per deal, every 7-10 properties, either hold it or fix-and-flip it yourself.

All this spells bad news for both sellers and buyers.That report was buttressed by a news release two weeks ago from Sam Khater, Freddie Mac’s chief economist, who said: “Higher mortgage rates will lead to moderation from the blistering pace of housing activity that we have experienced coming out of the pandemic, ultimately resulting in a more balanced housing market.”https://www.eastvalleytribune....

With the current remodel, I currently have a balance of about 70,000 with closing costs on the HELOC.

A private investor loan was used for the acquisition plus small amount of rehab, balance of the cash came from me.

"They" say that 6 months is a balanced market.

@Steve LeBlancYou will have to follow the interest tracing rules.If the new loan balance is the same, likely deductible.If the new loan balance is higher, you may need to track what the additional funds are used for to make it all deductible.

So there is a balance between using your cash, taking on debt and increasing your adjusted gross income. 

Out of professional courtesy, I will not state the true details of your situation and the balance owed to us.

If I did the 100% affordable units as rentals and did the balance 250-400 units as for sale, what would the exit be for the 100 units approved for affordable rental? 

Here's the good news, if you buy at a 10% Cap Rate, spend $100k to get the utilities split out and drop $50k/year off your balance sheet you'll add $500k of value to the property - half a million, Kathleen!