I would use the funds to buy at deep discounts (60-70% LTV) and then wrap with seller financing.

Seller financing can be a fantastic way to get into a 4+ unit property, especially in a competitive market like Chicago.Have you started reaching out to owners directly or networking with agents who specialize in multifamily properties?

Whenever I am having an issue with financing, I normally reach out to local institutions.

Ignore seller finance for a second...Can you buy a house, put 20% down...yes.

HELOCs are definitely a good option for financing BRRRRs.

Creative Financing" can mean a lot of different things depending on who you're talking with. 

This is the only property we’ve ever seller financed, in case that clears up any questions you have about Dodd-Frank compliance implications.

Our lender has informed us that we need 12 months of rental history to use the actual rent for financing purposes, or we must rely on the appraiser's fair market short term rental value.

I’ve read quite a few posts about foreign investor financing but most seem to deal with non-citizen investors without US credit or personal tax filings.

The seller is offering seller financing at 2% interest with a 9-year balloon.