. $5,000 was not an amount of money they readily had, and they requested I allow them a couple of months to gather the funds so their kids could have a Christmas.

Your biggest problem is your start up capital is way too low if you’re not willing to use hard money. 500k – 750k is a much more realistic amount of capital you would need to self-fund your own deals.

I will have enough reserves to cover the holding costs as well as some left over as emergency funds for the property.

This is my first flip and I'm using a heloc on my own primary to fund the project.  

Yes, you spent time to acquire and manage the property (unless the cash flow can also support paying for a good property manager), but you have none of your own funds invested, and you can use those funds for something else.You ARE recouping your initial funds.  

Hey everyone, I'm in the refinance step of my first BRRRR and am thinking about how I can fund my next deal.

If the tenant breaks their lease after three months, you are obligated to find a new renter, only charge the original tenant for rent up until the new tenant takes over, and then refund any unused funds.

If some funds are available, is the standard 25% down 30 yr fixed loan optimal or would you recommend different financing?

Each loan type will also have a number of fees that you will need topay to secure the funding (eg. you will be paying the broker for commercial,whereas the lender pays the broker in residential financing).My best recommendation is to talk with alocal commercial mortgage broker specializing inmultifamily lending.

I’m particularly interested in wholesaling and partnering with experienced investors to gain knowledge and contribute to successful projects.As someone who owns a rental property in Oklahoma and currently resides in the DC area, I strongly desire to expand my investment portfolio, especially in Florida.