HELOCs are definitely a good option for financing BRRRRs.

If you do decide to start flipping homes- as a new investor you can either self finance with all cash, or you can contact a commercial lender like myself and expect terms to be 75-80% of the purchase price with 100% of the rehab financed through a draw.

@Jacqueline Wright  Every auction is different so the first items to check: do they allow financing if you win the auction? 

Doing it all over again, I would use a investor focused agent.How did you finance this deal?

Buy and hold used as short term rental property.

The property ended up being his book keeper's home that she had rented out and was needing to sell.

Lenders and Financing• Can anyone recommend lenders in Destin who are familiar with VA loans and can work well with first-time buyers?

Our lender has informed us that we need 12 months of rental history to use the actual rent for financing purposes, or we must rely on the appraiser's fair market short term rental value.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

I have had a long term interest in purchasing an investment property and I'm looking to be smarter about this.