If using a PM, they are expensive and often bring the return in line with LTR.  2)  STRs and MTRs are at risk of increased regulation.  

Your strategy of using a HELOC for purchasing and renovating foreclosed properties at auction, following the BRRRR method, is sound.

At some point 8-10 years did a portfolio loan with good tax returns and ended up using a lot of cash and that loan to buy 2 strs in Myrtle- ocean lakes. we currently have 20 units and Two are str's.theres really no short cut, we built a ton of equity by buying at the right time and fixing up ourselves (I'm a contractor).wr bought the two strs in 2020 and 2022.

I ended up using a combination of my reserves and a private loan from a friend to close on the home before it was foreclosed on.

Tenants save money when using a shared meter, so there's plenty of room for error when calculating how to distribute the charges.

Yes can definitely do it no income no doc using a DSCR program .

Only difference/addition for me is I charge the partnership an acquisition fee and our split is 50/50, but we are using a BRRRR strategy so there is more to it than deal by deal.

However, I've observed other houses in the area without original windows, some even rebuilt with new windows using a single-family permit.

Hello, How does a delayed financing work and how is it different than using a hard money lender from the start of the deal?

@Nana Sefa- if you are  using a loan to buy - you are  required to obtain title insurance ....if you are  buying with cash - I would still recommend  paying for this as it  will help protect you in the future if there happens to be any issues on the title of the proeprty