Would be a lot cheaper than hard money (5-6% interest), and you'd be able to employ the BRRRR strategy if it doesn't have prepayment penalties. 

4 plex AlabamaCash flow, tax benefit, maintenance fee, property manager fee (unless you want all 4 vacant DIY).Have realtor shoot film, video, check local unemployment stats, major employers, income, crimes etc.4 plex must be in urban not rural.

However, every bank is turning me away since I am self employed and my last two years of tax returns don't show for much because I was in college.I only need 60-65% LTV on the property to pay off this high personal loan and be able to cash flow.With the 5 year, 18%  personal loan, I am cash flowing NEGATIVE $22/mo.

@Jay HinrichsMost of the new MF construction in the Burgh these last few years has been out-of-state money chasing the elusive tech-educated Millennial who's gainfully employed but too stupid to buy a house.

You also then are considering using a HELOC for funds to employ a long term strategy.  

You need to concentrate on improving your employment income.

I have been listening to the podcast almost every day for the last few months and it's a great source of information and motivation so I wanted to share my most recent success in hopes I can meet people who can help me grow my business.My name is Peter Hanson and I am a self employed Real Estate Appraiser and Real Estate Broker in Huntington Beach, CA  I watched investors make a lot of money for many many years so I finally saved enough money to start flipping homes.

It is not logical that we could be in business for over 10 years (in the same city even), employing the number of people we do, carrying all of the business overhead that comes with running a large enterprise,  being vetted by the number of accredited investors who choose to put their capital to work with us etc. if the business model was charging $3000 to as many people as possible and then purposefully turning down their loans.

I know it can burn when you have a totally baseless case filed against your llc, because you'll obviously have to shell out the $$ for your attorney to defend the llc, money that you'll never recoup, but its necessary and really shines light on the ability of your operation to scale itself.As to needing to be licensed - I know W-2 employees don't need a license for brokerage activities concerning properties owned by their employer.

I prefer self employed Tenant Buyers because they show drive and most self employed simply take all of the tax write-offs available to them which reduces their bottom line income.