Episode 276 - Bryce Stewart - "Vacuum the Truck" is an analogy that Bryce came up with when taking his investing career step-by-step, play-by-play, and illustrates how effective you can be if you just stick the basics and trust the process.

The design / construction company that I want to work with quoted me 135K for both projects. 

I did it in my market- could not imagine starting any other way “alone.”not to get off the subject but this is why always cringe when I see these folks get on here and say I have no money no experience so I am going to wholesale  :)  not sure who feeds these folks these lines of BS  but cant think of a tougher thing to do.Granted there will be a few that can push through.. but not many like a burn out rate at 98%.... so same thing starting out doing deals I think like your saying PE partner is basically a must

Its a team effort with multiple partner/managers in each fund.I have also partnered with individuals in joint ventures on a one-to-one basis for those who are looking for potentially higher upside on the outcome for the project.

To limit exposure, I was thinking of buying using my Line of Credit, and paying it off with cash: basically acting as my own bank.

I've read up on it and understand the basics but I wanted to run my situation by the forum and see if I could glean some wisdom as to whether I'm ready to head down the refi path with one of those triplexes.  

Basically like a jack-of-all-trades handyman that I can give a call when I need and work with.

But the comps he gave me have a very large range (about 40k) for basically identical properties.

However, we were informed today that our closing has to be pushed off to a far-off future date (rate will no longer be locked and basically will have to do the financing process again) due to an issue we haven't run into before, but seems simply not legal to us, so we hope we can get some assistance.We only know as much as we have been told, so here we go... the home we are under contract for was sold to the current owners via an owner carry, so the note is held by a private individual (the owner before the current owners).

I read Dave Van Horn's book and its great about getting into the basics of what note investing is and where to do it and principle.