Personal Loan a good method?

[Deke Belden]

Hi, just over two months ago I closed on my first deal.  Two bed two bath condo in downtown KC MO.  I was able to buy at a small discount and quickly get it rented with a property manager and am cash flowing $170 a month, I don't even spend 15 minutes a week on it.  This first deal is going just as planned, and it feels great to actually be in the game now!  Ok, here's my question:

I don't really have enough $ to do another deal right now. I can partner, use hard money (I could cover the origination fee), or some other creative method. Also, I found out through SOFI that I can get up to 100K at 9.5% on a 7 year payback. I could use this to make down payments on multiple properties, or I could do a downpayment plus rehab costs on any variety, SFH, multi, etc. Of course I could do a flip and if it didn't sell rent it (Brandon Turner method lol).

However, I would be 100% leveraged if I used the personal loan from SOFI to cover any down payments, plus what I'd owe on the mortgage. May be tricky to get a property that would cover the loan payments, personal and the PITI of the other loan, plus Capex, management, and all the other expenses.

Who out there has in some way financed 100% of a deal, or borrowed a personal loan like this?  How did you make it work, and is this a strategy you would repeat?

Deke