I also have a large HELOC line available on my personal residence.Despite their language (above) the bank involved is (at least in my preliminary discussions) pitching a fit and indicating that if I use the HELOC to bring additional funds to the transaction or do 3 mortgages (pay down with my cash and then refi to get funds to do the next 3 and then the final 2) that it deems either strategy as equivalent to directly (and in the first instance) refinancing with another financial institution and will not release my collateral unless I pay their penalty.I am prepared to call this a mistake on their part and am seeking legal advice, but I am interested if anyone else has been through a similar episode.I don't get how they think I should be stopped from mortgaging my personal residence and then bring those funds as equity into the LLC's (the actual borrowers) to pay them (the bank) off.   

I score each individual in a variety of areas (length of employment, rent:income ratio, credit score, etc) and then I combine the scores of the individuals to get a group score. 

Looking for input on a couple of topics -Do we evaluate the deal as three individual duplexes or as a six unit property? 

I'm open to meeting new people and helping with anything I can.I'm mostly looking for any ongoing meetups and/or individuals that do real estate in my area.Thanks,Joel

In a multi-family property situation I would be looking more at the cash on cash return, cashflow and condition of the property as an indication of whether the property is a worthwhile investment, if the price I offer doesn't appraise at a bank that shouldn't matter to me if I ran my numbers correctly and plan to hold the investment long-term. 

Is it that one raises a fund that investors in many properties and one raises money for individual projects and properties?

I just created my account here on BP and I am looking to build some solid and long lasting relationships with individuals who love what I love.

Secondly, you can start selling covered calls to generate cash flow if your picking individual stocks.

Hi Alecia, If it were my situation, I'd make an attempt to fulfill the obligation I committed to, and call #2.During the call, I'd try to get a feel for the individual regarding the excuses (childish and idiotic, or reality).Maybe Renter #2 is scheming Renter #1 somehow and does not want to be found out (Son of Sam or something).Or maybe Renter #2 is just the kind of person that does not follow through and then lies about it.Or maybe it's some kind of technical problem.Either way, if it were me, I'd be on a phone call with Renter #2 ASAP -- Because Time is money. 

Starting off, until you find some individual people along the way, I would suggest going with established, reputable companies.