.): ~$1600Savings available: ~15-20% of the purchase priceCash to close: ~$34kRehab estimate: ~$34kRemaining reserves: ~$20-25kTo fully fund the rehab, I’d need to come up with an additional ~$15k in the short term, which I anticipate paying back quickly once the rental portion is generating income.

Hi David, If building long-term equity and scaling quickly are priorities, then option 2 aligns better for you. 

Platforms like Angi or a quick Google search can also help you find reliable options.

It’s a great way to grow faster.HELOC or Equity Tapping: If you have equity in another property, using a HELOC or cash-out refinance could help cover the down payment without affecting your DTI as much.Seller Financing or Creative Deals: Look for sellers willing to finance directly, which bypasses traditional mortgage qualification hurdles.Scaling quickly often involves combining strategies—play around with what works best for your goals.

This would obviously reduce my cash flow on both properties, as I would be paying the minimum HELOC payment plus extra towards the principal to pay it off quickly.

These people are living comfortable where they are now but not for long with SCI's practices to just make a quick buck.

Lots of people either rush in to quick or don't ever get in the game.

I should have clarified that what I meant was that there are PMs out there that will do the most expedient thing and accept a tenant just to receive a quick commission.  

Scalable yes, quickly scalable?

You should track your own units expenses as well so when you move out, you can quickly reclaim any expenses or depreciation you built on the personal unit when converted into a 2nd business unit which would then be included on your schedule E.You also write off half of your property taxes, insurance, HOA dues, or any shared expense.