Is it better to go down this route vs looking at doing a BRRRR deal myself?

Look for discounted run down properties that need renovation and change the layout during the renovation.

Hey @Brad Roche - We do a significant amount of renovation loans (both Fannie May & FHA) here in Chicago and prefer the Homestyle loan only because it's less stringent on the borrow about what they have to repair, and they provide the general contractor a material draw at closing which helps the project start on the right foot.I thought the minimum down payment was 5%.

But again, if you're going to take it down to change out furnishings anyway, then the timing could work out well.

The Shoals is a great place to settle down and take life slow.

I want to start smart and scale up as I learn the ropes, but I’m personally struggling to narrow down which area to focus on.If you’ve done this before, what advice would you give someone like me?

Quote from @Roger D Jones: SamEveryone here is providing great points to consider and if you were my son I would say that at 360k this 'dog needs to get put down'. 

The decision to do a cost seg generally comes down to whether or not you can actually benefit currently from the additional depreciation.

Getting the rate back down to remove the incresed portion from the cash out refiance. 

I would like to purchase another property so I looked into a heloc and a cash out refinance and it looks like I would qualify for about 75000 max which would be enough to put a down payment on another property and rehab it, but I still haven’t paid myself back from the original property rehab.