These self employed 2nd mtg's are typically based on alternative method of caluclation like profit and loss statements if you're self employed or the last 12 months of bank statement deposits using a formula to derive an income from these deposits (like 50% of all annual rolling 12 calendar month deposits X 50% /12 months = monthly income).

Hi Leslie,We ended up financing through Brown Equity out of AZ on a No Interest renovation loan with the plan to roll into a longterm loan after the renovation.

I'll reach out once I have things rolling.

Once it is up and rolling it is pretty easy for a single property.

They make it pretty easy to self manage once things get rolling.

I am hoping to roll these two into one loan and reduce my monthly payment/ interest rate on the HELOC as I will be having the debt long term.I also currently own a 11 spot RV Park which I own all 11 units and is currently generating $10,375/month in rent.

Get it rolling immediately.

Not sure in your area but 200K should be enough to get the ball rolling. 

Get the easy stuff first - rent roll and lease end dates, any bills the landlord pays - common area maintenance, maybe water, sewer, taxes, and insurance.

Only downside is Roth IRA cannot roll into a 401k.