That is part of the cost of investing.  

I see too many investors now, put a significant amount of money in rehab costs and over leverage themselves on hard money loans with low down payments, their properties are not selling and they are lucky to just payoff their current hard money loan via a DSCR refinance. 

Some of the best ones are offering rates as low as 5.75% at no cost to you, it just requires a 30% down payment.

Cash flowing markets, low taxes, landlord friendly and large demand in renters. 

Fixed Mortgage does come with closing costs and points upfront which the HELOC does not, except a $95 annual fee. 

That’s pretty low interest. 

Don't look for lowest rate, look for lowest cost on fees as you will either refinance out of that loan or sell- the prepay will hit you on the back of the head like a cinderblock wall.

Right now, you have a property with a great equity position, solid cash flow, and cheap debt (interest rate is low). 

@Jenna ChenHouse hacking a value-add duplex in Atlanta is a smart strategy to build equity while keeping living costs low.

Sometimes people will list it low knowing that there are repairs.