If they haven't already, ask both of them to provide a detailed scope of work and then compare pricing based on the scope they provide.

What I have seen in the research is to find a property you are interested in and compare to other comps in the same neighborhood.

These areas tend to have more affordable properties compared to central Phoenix and still offer strong rental demand and appreciation potential.

On the other hand, if you're aiming for long-term rental properties, getting prequalified with a lender specializing in traditional loans or DSCR (Debt Service Coverage Ratio) loans is key.

It’s great that you’re pre-approved, but I’m curious why you’re leaning toward traditional lending instead of hard money, especially for a flip?

The challenge, as you’ve discovered, is that traditional HELOC lenders typically want the property titled in a personal name rather than an LLC.

Quote from @Karen Smith: With more investors turning to private money lenders for faster funding, what benefits have you seen from using private financing versus traditional bank loans? 

Now, let me break this down step by step to address your concerns clearly.Let me break this down step by step to address your concerns clearly.Honorable Mention: In the idea, buying income rights is comparable to purchasing dividend-paying stocks.

From the sentiment of your post it seems like you're viewing the buyers as strictly investors when they may lean more towards traditional homeowners looking for a quality of life improvement or an improvement on their current financial situation today.Let's say the buyer pays 465k and has a 5% interest rate.

I’m currently evaluating whether to go with a Fund Model instead of a traditional JV for an upcoming multifamily project, I will be working as a developer looking to do work with a more experienced developer on a larger scale multi-family opportunity.