This creates a negative initial position.

Hi Anthony, it sounds like you’re in a good position to start building your STR portfolio, especially with no debt, great credit, and rent-free living!

I know what it’s like to be in your position, and I believe in paying it forward.

So, your focus may need to pivot from high rental cash flow to little to no cash flow as a rental with an appreciation upside.I would recommend taking your $150K to $200K and securing a solid equity position in something that will cover its expenses and maybe provide a small cash flow, but then is poised to appreciate nicely over the course of the next several years. 

Are there other creative options I haven’t considered?

The PM company is starting to kick a little better lately but we had a rough 2024.Always remember that every positive and negative experience when taken well is an opportunity to grow as a person and to learn something valuable. 

Today I had a heater issue and snow company that was late handling commercial before residential so we ended up clearing it.Open to each option.

HELOCs are definitely a good option for financing BRRRRs.

I'm an investor and mortgage broker and have options for loans that go as low as $75,000 and down payments as low as 15%, which makes it easier to stay above $75,000.

Hey Kaleb,If you’re looking at markets out west or down south, those can be great options, but I’d also recommend checking out Detroit.