Rental Property Financing

[Jake Hill]

Ok here’s my situation -

Bought a house 3 years ago with the intention of flipping and then selling with in 4-5 years. We bought when interest rates were low (3%) and have a relatively inexpensive mortgage payment. Rent in the area has increased and we could have good cash flow so now I plan to make this a rental.

My question is what is the best approach for starting the next property? Best way to leverage the equity in the rental? Equity is 80-100k, haven't got a formal appraisal yet. Or do I go the private money route or conventional on the next rental? Next house I am looking to BRRRR.

Thanks in advance!