I just felt like it'd be more feasible with more flexibility and potential by investing in an MFR.

Our biggest struggle is finding a handyman who is flexible enough to respond quickly to issues since we aren't throwing a lot of work their way. 

Otherwise on a HELOC you get flexibility but have the variable rate. 

The BRRRR Calculator does not have the flexibility to account for all the variations that are possible.Do you have Private Money ready for investing?  

I am flexible to looking at SF that can cashflow.What have been y'all's experience in the DFW market?

In this particular auction you have to pay within 5 days so that gives people a little more flexibility in where the funds come from.  

Target purchase price is flexible, as long as it's a right dealLooking to invest the first one in following places: DFW or Austin, TXIndianapolis, INCharlotte, NCAtlanta, GADid some research, but hard to make a decision.

And I’m not talking about FHA or government-backed loans, these are either in-house mortgages or commercial products so I would think they have the flexibility to work with me.

sounds like you have a great opportunity. i recommend the contact for deed route. as you mentioned you can get a lower down and more flexible terms. if you can get a 10-12 year ballon payment you should have no problem refi'ing out prior to that with a conventional loan and pay off owner contract. i would try to get the per unit down. you could try to show the total amount you would be paying when you add interest into the equation and see if he will come down on asking price, at least to market if not below. as well as play up the continued cash for with zero management headaches. ultimately if it cashflows well and you have good fixed debt for 10 plus years my experiences has been that price per unit is less of a factor. cash flow is king.

Still more than I made before as a full time bank teller and loved the flexibility and control.