There are moment frames, hold downs, strapping, saddles, A-35's, and a bunch of other stuff like the bolts that hold the foundation and the framing together.

And this particular partner has been pre-qualed for a $300k fha loan for the same building....So, if you guys don't wanna be strapped for cash after the your first purchase, scrap the fha loan and use a portion of your resources as a down payment for a long term, non-owner occupied, investor loan.

Just something to think about up front, before you are strapped with a new problem. 

IF your monthly debt service cost is the same after the refinance. some things to note:- consider annual appreciation for each property if long term wealth-building is a priority for you- consider how easy or challenging it will be to manage each property based on location, neighborhood quality, etc- consider whether or not you can handle the 9mo of negative cashflow with the BRRR- consider how much money you truly have to start with right now and if either situation will leave you feeling strapped- consider than renovations usually take twice as long and are twice as expensive on your first try- consider that there are other deals out there you could BRRR better, so it's not one or the other, it's one or the other or neither/wait- consider that lots of banks will allow you to do 80% LTV for the BRRR refi, but you'll also be paying closing costs

Sometimes, if you're cash-strapped, an equity partner can help you save a deal you might otherwise have to pass on by providing down payment or other necessary funds that your lender won't provide.

But I am using anti-tilt straps for the TV that will be placed on a stand, to prevent it from falling over.https://www.amazon.com/gp/product/B0712542VG/ref=ppx_yo_dt_b...

., crunch the numbers and show him the decline of the profits month by month after he missed the "sweet spot") get the info into a presentation and strap dad to the couch and force him to listen.

@Jeff Kehl - I actually read something similar in the textbook I'm reading now as a good strategy for cash strapped developers.

It really straps me in terms of seeking additional financing for new property when I can't show the lender leases for my current rental property.

Jake, I would start off wholesaling if you're a little cash strapped.