When I am looking for a new investment property and am strapped for cash, I typically look off-market and try and find something that can a seller is looking to sell that needs minimal repairs to be rent ready and the purchase price is 80% of the ARV this way I can use private money to buy in cash, do the repairs needed then refinance on a DSCR loan and pay off the private money loan. 

Questions are what type of loan are you targeting?

@George Blower  Are you sure on the part that you can't take another 401k loan until 12 months after the first loan is repaid?  

I want to do a bank statement loan(I'm an independent contractor)with just me on the new loan in Texas .

I was looking into unsecured personal loans but they only cover about 50-100k for 1 year duration.  

I'm considering using hard money lenders or DSCR loans, but it seems like DSCR would be a bit complex.

I argue that more money in the hands of the rehabber makes the loan safer.

Here are the key details of my situation:Rental Property Details (Note: This was our primary home till 2017):Current Value: $970,000 to $1MPrimary Mortgage Loan Balance: $505,000 (@ 2.6%)Took Home Equity Loan on this house to make down payment for my current primary residence.Home Equity Loan Balance: $123,000Total Loan Balance: $628K (Primary Mortgage + Home Equity Loan)Rental Status: OccupiedPrimary Residence:Purchased in 2022Mortgage Rate: 7.3%Current Loan Balance: $650KMy goal for 2025 is 2 fold: #1.

So, I've closed hundreds of loans for people. 

Non-QM DSCR loans will allow you to refinance the property at the newly appraised value after 90 days from the original purchase IF you took a loan for the initial acquisition.