Why pay rent when your landlord gives you free housing, free maintenance team, free mortgage, free electricity, free water, free trash?

With the current mortgage rate constraints affecting how many buyers are willing to enter the market we are seeing a lot of borrowers have success with the BRRRR strategy with plans to sell in the next 3-5 years when interest rates go down.Researching potential LTR and STR rental amounts and seeing if holding for a few years is a viable option is a good analysis to do well. 

The HML covered 100% of the $32,500 rehab budget through drawbacks.Refinance: Post-rehab, I refinanced into a primary mortgage, creating 25.5% equity in the property.Future Financing: I plan to leverage the property with a HELOC to access up to $86,000 in capital for future deals.

After those sources are RE agents, mortgage brokers, friends and family.  

Mortgage Broker/ Bank/ Hard Money Lender – Someone that has experience working with other investors.

I was hoping the rate cuts in the last 12 months would have had more of an impact on mortgage rates. 

Then as soon as the 1031 is complete do a cash out refi, or a second mortgage or LOC on the property. 

You would be 100% leveraged, and you'd have 2 separate loans (One HELOC and traditional mortgage).

Quote from @HMS Realty Home Mortgage Solutions: Have you thought about starting out with the first investment of buying your own home? 

It was bought in 2004 and due to financial issues, I believe ~$197k is still owed on the mortgage.