The problem with the reverse method you propose is I would have a payment for the 401k loan around $300/month and then the holding costs of the mortgage until the refinance so roughly $400-500 for a total of say $800 To me it seems like the more cost effective route to use the bloc to purchase and 401k loan for rehab.

Quote from @Michael Smythe: @Alba Cheung wow, you went the cheap route and hire cheap attorneys.Now that they are useless, you want to ask us for free advice?

Just keep in mind that using that emergency fund to buy your next property and having tapped a HELOC already may leave you in a bad spot if you run into a similar problem again.Also, I’m not 100% sure, but I have heard that personal loans don’t your credit more so than other types of debt so be sure you look into that if you go the personal loans route and then planned to finance your next purchase soon after.

It will probably save you a lot of time and headaches to go that route.

@Dave Foster interesting, I didn’t realize this route existed.

so I would love to hear some thoughts on that route because I am not handy at all

If you want some of the benefits, but less control and less time commitment, then go the passive route and invest in a syndication or note.

Vanessa, If you choose the seller financed route, you could potentially continue investing under the bank's stringent debt-to-income radar, so to speak.

But if gonna try the good ole slander-marketing route, I just ask you try to keep it remotely realistic and not wildly off base. 

@Byoung Bae If you go the Detroit route, I'd recommend connecting with @Drew Sygit.