VA loans are the only loans that allow this, and there is no rate penalty for it no longer being your primary home.With that in mind, you could do a cash out refinance today at a higher rate than current market rates which will create profit on the loan, we can take that profit to pay for your closing costs.

I look forward to connecting with like minded individuals and expanding my network within the real estate community!

The amount of ideologically inspired nonsense online is mind-boggling. 

I may change my mind after a couple of months but we will see how it goes.  

Even in those cases it is hard to create gap between purchase price, rehab and ARV.Investing in todays market is overall very challenging and I am finding that the BRRRR startegy is one of the worst strategies in todays market.Lets keep in mind that BRRRR became highly popular before 2020.

And do you have a certain price range in mind and I assume you're good with up to a moderate level of rehab?

I do this for piece of mind and redundancy.  

Keep in mind of the I/O(payments/period) and game plan on how fast you'd like to pay it down. 

Do you mind sharing the name of that type of loan/lender that allows you to have the seller carry on a second position?

Real estate has always been in the back of my mind as a way to increase our wealth and provide for our family.