But if there’s any uncertainty about timing, I’d lean toward a bridge loan or even negotiating a rent-back period after selling, just to keep things flexible.If you have enough equity in your current home, the HELOC gives you the freedom to move forward without rushing the sale and since interest is only paid on what you use, it keeps things manageable during the overlap period.The only thing to watch is timing and market conditions.

Adding the ability to run sensitivity analyses for ARV, rehab costs, or holding period can help flippers stress-test deals and make the tool valuable for regular use.

I know it seems like a lot now in a period of no cash flow but it could be a lot worse.I had a somewhat similar situation to this.

I thought I had cancelled my PRO membership prior to the free trial period ending, but my credit card was billed today for the annual subscription at $417.

Banks also won’t loan less than 50k on a home loan period.

It took a longer closing period, but it paid off.My clients just closed on a duplex using the FHA house hack strategy, and it’s a great example for anyone looking to get started.Here’s the setup:• Purchase price: $534,900 duplex (2/2 left + 2/2 right)• Financing: FHA loan• Negotiation: Seller covered closing costs + rate buydown• Cash to close: $21,879.56The plan:• Live in one unit, rent out the other• Current rent from the occupied unit: $1,495/month• After factoring that in, total cost of ownership drops to about $1,800/monthWhy it works: FHA allows low down payments if you occupy one unit.

More than any other business, deciding to invest in a real estate syndication is a declaration of faith in the deal sponsor.In many ways, that faith far outweighs the faith owners of Tesla shares must have in Elon Musk.And Musk is a one in a generation entrepreneurial genius inventor.Like many seasoned real estate investors,I decided long ago that wealth-building was a life-long game of patience and perseverance.On both counts,a real estate syndication fails the test.Most syndicated deals have a hold period of 3-7 years after which the exit strategy involves selling.The few that attempt to hold on to the asset via a refinance run into uncooperative investors who demand their seed capital back for various reasons,often resulting into a compromise to either buy them out or risk a legal battle.The facts of the matter are very basic:if it's not your deal,you don't make the big calls.Conversely,if it's not your money,you don't get to decide it's final destination.Now there's a good reason I never got into the flipping niche either.I'm not a transactional guy.It always felt like slaughtering the hen that lays my eggs,and I love my eggs to bits every time they are laid.It's why I keep going back to the hen.In the end,we don't need 1000 units to achieve financial freedom,we just need a handful of well acquired cash flowing assets to arrive at that place of peace.With some patience and due diligence,most people can get there without sleeping with 75 strangers every 3 years only to end up with no portfolio and a bagful of inflation susceptible cash with little to no tax advantages.That's where we did not want to be in the first place.If you do succumb to the temptation and end up being one of the few deal sponsors that actually look the part and take care of investors' money like it's yours,do make sure you haven't "quit" one job that you hate just to work in another that is even more soul-crushing.Managing multiple syndicated deals as a good deal sponsor can be big business,and big businesses can very easily turn into time-devouring leeches.Covid has shown us all we are nowhere near capable of seeing 3 months ahead,let alone 3 or 7 years.An asset is only really worth what the next buyer is willing to pay for it,no matter how much "forced appreciation" we have projected to investors in a rent drop environment.When balloon payments come due,thou shall sell or refinance,and good luck refinancing if the LTV is suddenly inverted.When the pieces suddenly don't fit the puzzle in front of us,the sinking feeling in the bottom of the stomach can be incredibly gut wrenching.Be careful.A voice in the wilderness,Jacksonville FL.

@Zachary Sneed - Submission of multiple mortgage applications at the time of each purchase should not be an issue for your credit score, as long as you do them all within a short period of time (such as within 30 days). 

The trap with the 2018-2023 period of time is, it was a perfect storm for the STR investment class.

I haven't been able to respond this much in a short period of time.