A popular strategy to execute the BRRRR method is purchase the property using a fix & flip loan and then do a cash out refi into a DSCR loan to recoup your equity. 

In the middle of those two extremes might be a small business with 3 years left on their lease, but they've made improvements to the property that aren't cheap to remove, such as perhaps a dental office (dentists might be pissed that I put them in the mid-risk category, but all the dentists going out of business in 2020-2021 taught us that American consumers apparently regard dental care as an optional and "luxury" spending item). 

While this initial policy allowed me to secure conventional financing, I'm now in the process of planning and executing renovations to enhance the value and appeal of my home, with the goal of switching to a different insurance policy after completing the remodel and being refunded the unused portion of the escrow.

We use American Modern Insurance for our fix n flips.

Have had good luck with german american farmers mutual for acvs and All-State for replacement.

The details matter a great deal on BRRRR. ideally, you want to have all your steps mapped before you even execute on the B, the buy. 

We usually have the tenants execute a new agreement with the new owner that has the exact same terms and expiration date.

I am looking to find financing for equity I need to acquire to begin two condo projects. I also need some other “soft” costs (origination fees, etc.) taken care of to get the deals going for each deal. I have a loan f...

Hi Hoa,- Hard money is fast efficient, expensive,  it has high rates and points and shorter term 6-12 months or less typically with extensions available- HELOC typically has no points but prime + 2-3% margin right now is almost the same rate as hard money and closing costs are a lot less than hard money and you can rinse and repeat and reuse it after paying it off so yeah overall its better than HML (hard money lending)Thats just the beginning of your research, the reality is in real life you might need both sources, make sure to have both ready and start with the best execution or option first and always be ready to use the others if the need arises.rehabbing is messy AF especially on older housing Illinois housing stock from 1895-1940's.

@Andrew Joseph American Contractors is the most common used in Pittsburg (or one of).