Like Jay said, there can be more flexibility in repayment options. 

(Auctions and foreclosures can also provide great leads.)With $20K, hard money loans are a practical option, as they emphasize a property’s ARV over your financial history.

Offer aid and housing options if you're able -- don't try to profit. 

What’s your vision for your next property - do you see yourself leaning towards value-add projects, or are you focusing more on turnkey options?

The original post leaves the door open for a challenge by the IRS, so the safe harbor of holding it for investment for two full years is the safer option.  

Also, when interests were low in US, Heloc used to be a good option.

Additionally, regarding the legal structure, an LLC seems to be the most suitable option for our situation.

Based on what you say, the LLC may be the better option. ...This post does not create a CPA-client relationship.

Some, like ours, focus on offering optional services such as renters insurance or washer/dryer rentals without requiring tenants to opt into a full package.When choosing a property manager, I recommend asking about the structure and purpose of any fees.

I know this is an old thread.I'd like to get a more recent opinion of these apps.I think the DFD options is very interesting.What we want to do is endorse one of these for our Real Estate Club in Greenville, SC and have a contest for our members to see who can find the most deals with the software.Maybe try and get a rep from the company we choose to come and speak at one of our in person meeting and also negotiate a longer trial window if possible for our members.