They are paying for some repairs now after I've had several issues and a brand new tenant moved out, but I'm still paying a mortgage without any rent coming in during those months. 

I'm not how you are defining a BRRR that works, but if I have a unit with brand new roof, mechanicals, kitchens, bathrooms, etc... and leave 10,15 or 20% in the deal I still feel like I'm winning.  

@Jeremy H Barton I would suggest taking a look at your cash flow before signing up for a HELOC on a brand new building.

Or can I get the Costco brand items?? 

And for two valid reasons: they don't know if Don is a trustworthy borrower (which he is not), and they could get a lot better profit (for the bank) from a brand new loan.

I know I fund the deals and pay for the rehab . my clients put on brand new roofs  new panels all new wiring new plumbing windows siding cabinets etc etc..

Not sure of the vetting process though and what it would entail to maintain quality under their brand... 

If you go in that direction, I highly recommend speaking with multiple franchisees from each brand before making a final decision.

The dated cabins typically need more help than say brand new construction which now are coming with pools and other amenities built in. 

I am brand new here and I look forward to learning from the best in the business.