If you wait three months, you can use the new appraised value for the cash out refinance which is helpful because if you're doing a BRRRR, you're presumably adding value and will get more cash back for your next project if you wait the three months seasoning period.

I moved here from Florida after seeing the projected growth.

I’ve worked on a few similar projects, happy to connect if you have questions or need any insights.

I'd ask around some GC's that are higher level they may have some decent project management/financial tools if they're at scale.

Then, as you buld knowledge & experience you can do bigger projects.3) The two above strategies can build funds to invest in rentals.

It gets to a point where your rehab costs for you and your projects are known before the contractor steps into the property.

Personally I only use my HELOC on short term projects like flips, new builds and BRRRRs where I know I will be replacing the capital within months.You may be better off waiting a year and save up more cash or liquidate your index funds if the returns on a property will be better.

Find yourself a good team who builds ADU's has a project management team and of course has all the licenses and insurances to protect your property.Quote from @Michael Adamo: Hi BP Community,I’m exploring adding one or two ADUs to a property I own in the Miracle Mile area, near 3rd Street and La Brea in Los Angeles.

Ensure the STR’s projected income comfortably covers new debt, even with conservative occupancy rates, and maintain reserves for market changes or vacancies.

I just closed on yesterday that is in Clearwater and closed for $660k with all furnishing and it projected to do over $90.