Sami, we're $105K cash into our current rental property rehab... so YES we think real estate is the better play.

How does it play out thanks 

But their policy confuses me regarding refinancing (I assume BRRR play is prohibited and reached out to them too) I need to somehow calculate if the money saved is worth the velocity and freedom lost in being able to buy when and where I want and buy in the way that will make the best ROI.

The documentation you are finding, websites, videos etc... are all there to sell you something, of course they are going to hype it up and down play how difficult it is.

You can likely find a distressed property here in Houston in a good area with $80k-$100k out of pocket and fully funded by HML for the other % & rehab, then maybe keep some of the money in the house and have it more cash flow oriented or take all out and eat the little OTM play.

Tied to an SEC shelf registration where the issuing firm says they will issue debt over a period of time in the form of medium term notes.Depending on what role you want to play you may need to be licensed or otherwise regulated.MTNs are mostly for companies that want to borrow funds for projects, working capital, etc.

@Steven Rago legally, whoever shows the property has to be a licensed agent.You can try to play games with that and have a handman allow "access", but it's a BIG risk.So that leaves agents & PMCs.You have two choices with agents:1) Pay per showing: since any agent can show a property, find the cheapest.2) Pay Listing Fee: typically 1 month of rent to put in MLS and place a lockbox so any/all agents can show.We do NOT recommend allowing agents to screen applicants - it's a conflict of interest!

As you may already know, you can't play the same game for all properties.

The buy and hold strategy has shifted more to an equity play rather than the cash flow play we have all been taught and love. 

Some of those smaller cities could be a decent play for the future.