HELOC is just a credit line, So you can buy/rehab and refinance with a regular loan in order to pay back your HELOC if you want or pay back the HELOC with time.Depending on the type (1% Payback or Interest Only Payback) if you borrow 80k, your monthly payments would be $800 - if you were renting for say $1000+ and covered all expenses, then you could just pay back your HELOC and if rates adjusted, your payments is still 1% payback - you would just have more interest added on for the life of the loan.I have a HELOC and opened it up to be able to fund my rehabs or have extra $ to close on a deal.

@Ori Foyer keep in mind that if you have to pay an attorney approx $250 per hour, you will spend approx $1,000 to get the Seller into court after the payment of court and attorney fees.

We have slowly acquired a small self storage facility, an 8 unit apartment, completed a large rehab project, and turned our previous personal house into a rental after moving into the rehab project. 

Say the go for a refi, and get 70-75% of the ARV, now you're getting $140-150,000 back out, which you'll use to pay off the original Hard Money Loan.I'm making this scenario look pretty, tight, and nice for the sake of ease, but that's the gist.There are points, fees, interest payments, etc along the way.But regardless of where you live, whether you own a home, or even have a job, if you can come to the table with a good deal, that fits the lenders numbers/expectations, and you have the financial capacity to do the loan, the loan you will do...

The other loan estimates I was getting were fixed for the first 5 (or maybe 10) with interest only payments in the beginning. 

End of story: $80 for labor and capacitor.Issue 2: Tenants had several late payments leading up to Tenants texting PM that they are breaking the lease at the end of the month. 

The number of missed payment is the biggest hit to your credit, but an actual foreclosure or short sale is another hit.As to financing again later, at least fannie mae treats a BK followed by a foreclosure as "One event" being the date of the BK discharge. 

Hello,I am wondering what the best strategy is for putting the optimal amount of money down on a single family home with the intent to perform light rehab to buy and hold. Obviously more money down would mean a lower ...

BTW, quarterly payments wouldn’t be for four months.

I’d ask her if she’ll do a land contract seller finance with 15,000 down and then I would keep it and rent it out let the tenant pay the monthly payment on it at six or 7% interest