The DSCR loan would allow you to qualify based on the rent you are collecting and get up to 75% of the value (175 x 0.75 = 131.25k, minus 20k payoff and closing costs.You could get a line of credit or a bridge loan against it to borrow money, but it would be higher interest.

A bank will not give you the $ as you have to show ability to repay the loan. 

The issue is the laws should not allow this.https://www.cbs8.com/article/news/local/working-for-you/new-...Adding a single small unit is expensive residential development.  

Start with small goals, and soon enough, you'll find yourself turning away business.

Hey Jack, There are two types of loans investors use in their BRRRR strategy. 1.

@Nick AmDepreciation is a ZERO % interest loan.  

The following day I got a small counter back and I accepted.

@Jim VasicaThis is the million-dollar question!

Once you narrow it down, start with small jobs to test their reliability and quality before giving them bigger projects.Building a solid network takes time, but having dependable people on call is a lifesaver for your rentals.

As far as your next property, if you are already considering moving you will get better loan options + interest rates if you decide to live in the next property and rent out your current house.