I'm sure the debt you'd have to service on this loan would be less expensive than a hard money loan, also this option keeps your cash reserves higher thus your risk exposure down - as you would only have to make monthly payments and come out of pocket for the renovations.Just make sure to do the necessary renovations to get the dollar value you are seeking on the sale and I'm sure this opportunity could be the one to get the confidence under your belt to continue investing down the road!

Raising capital has important legal considerations so seek out a competent attorney w/SEC experience in doing syndications. 

@Brenda Wright Why are you paying cash for properties and seeking a HELOC right after? 

Good communication, honest and professional people.

I am using a high level professional with a good reputation but I am concerned they are just too busy and the underlings don't get it done right.For those that have complicated returns what is the accepted amount of material errors to see in a tax return? 

Like anything else, a company built to do one thing is going to be more efficient than an individual trying to do it once or twice; a professional mechanic is going to fix eight cars in the time it take a first-time car owner to replace a tail light and change the oil.

Seek out this person and say to them " I am a new investor, I'm trying to get my feet wet but I want to start analyzing properties so that I can narrow down exactly what I want.

Seek to understand.

I’m looking to connect with professionals from around this area to learn about the market.

Because when you try and sell 123 Main St. which is a 3 bed 2 bath house on Craigslist without a RE license you are violating CA business and professionals code.