I have some of the required funds in a HYSA, but will most likely need to draw from another account and I'm curious which method is the most efficient in terms of taxes/capital gains, penalties, loan repayments, etc.Based on my previous transactions in the market, I estimate ~$45k cash to close: $20k for the down payment, $15k for closing costs and prepaids, and $10k of starting reserves.

I believe you can if but they’re are some considerations.

But now you could refi, draw out your initial investment and the property would cash flow.

I handle payments by draws and I must always be ahead and work versus payments.

A line of credit is adjustable rate with interest only payments that will have a "draw" period usually of 3-5 years for investment properties (usually 10 years for primary home) then will amortize over the remaining term after the draw period.

@Brad Kanouse I have an idea that doesn't involve drawing from your IRA.

What is your draw fee & benchmarks for the repairs portion of the borrowed money?

Where I'm at if you change the size of the window by 5% or more you have to have engineered drawings showing the changes.  

I’d recommend saving that $295 cash flow for some amount of time until you have considerable cash reserves saved up.

They have a 5 year draw.