To overcome these challenges, many borrowers focus on building strong communication with lenders, providing clear and detailed exit strategies, and ensuring thorough due diligence on the property.

I am not an attorney and I do not want to provide specific details in a public forum.

Thanks everyone for your details, very informative!

We make detailed P&L's for each property and then an LLC bucket with all relevant expenses. 

Guy was getting a hard money loan for property and construction (don't know the details of the loan) only that the bid was accepted in FEB and the lender totally dragged his feet until it finally closed in August. 

Of course, please consult with a tax professional for more details.

I can send a more detailed analysis if you DM me.

To protect both parties in your partnership on a BRRRR strategy, you’ll need a **Partnership Agreement** outlining contributions, roles, and profit-sharing, a **Rehabilitation Agreement** detailing rehab work, costs, and responsibilities, and a **Loan and Refinance Agreement** specifying the terms for repaying rehab costs post-refinance.

There is much more nuance to investing than just HELOC vs cashout and I think investors miss a lot of the finer details and often select the wrong tool for their objectives. 

Thanks I was looking for more detailed "experiences" -- but, appreciate the feedback none-the-less!