you would need to make monthly payments to the seller during the rehab, just like to any other lender, and then if it were a rental, you would want the rent to cover the payments plus all other expenses.you'd also need to figure out how to pay for the rehab - either out of pocket, or finance it somehow. 

Some talk that if we continue to see inflation kick up, they could go back to raising rates. 

There's anywhere from $1.5 to $2,000,000 in equity, but the issue is it's owned by her 85 year old grandmother and they have no idea what to do with the property.

If the HELOC rate gets out of hand, then go to the bank at that time.

Be sure to explore all around the forums as well as many of the FREE tools that Bigger Pockets provides.I am on the lending side of things and am always happy to hop on a call to discuss loan options that are out there, even if not offered by my resources.

@Elaine Ericson Wow, sorry to hear!

Someone else mentioned this to me.

Everyone seems to have an angle.

I personally use DIY cost seg for all my studies now, feel free to contact me for my discount code.

I'd hate to burst the Fix and Flip or BRRR bubble but both are extremely hard to find.