Use a 2nd position heloc to absorb your paycheck, once your paycheck is entirely paying off your heloc, then it is safe to advance $3000 or $5000 extra against your heloc to make a principle payment against your 1st position heloc.

If so and the monthly payment isn't too bad then you're still moving the needle forward if your main goal is wealth generation and not just cash flow. 

You can also send payments to credit card whenever you have spare money.

I used 7/1 arm provided by builder. its 5.25 with 30% down payment

They also want a priority lien on the property.It sounds like you are looking for someone to fund your down payment, I would be looking for an equity partner over debt as nobody likes to lend money in insecure positions, especially when a borrower lacks skin in the game.How much are you planning to come in with yourself?

I don't like paying interest on my down payment unless I know it's a temporary aid to get a good opportunity.

You could offset your mortgage payment on a bigger house with the cash flow from the rental. 

Show the lease agreement, show his rent payment history, and show any written evidence from the tenant that he admits to being late/unpaid.

Continue Funding my Mid west BRRRR clients like the land if we get history I provide 100% of purchase and 100% of rehab and there is no monthly payments really helps these guys / gals scale..

What type of transaction fees should I be looking to pay and is there a down payment required?