I locked a DSCR loan yesterday at 6.385%, 75% LTV.  

I would focus on a duplex first so you learn house hacking and management of one tenant.

It’s a bonus if the bank offering the HELOC also handles BRRR loans — they’ll be more flexible and accommodating when it’s time to pay off the HELOC with a new loan!

Quote from @Jaycee Greene: Assuming you pay asking price, I'd estimate the down payment for something like that using a hard money loan (HML) would be around 40% of the purchase price and your monthly payment would be $2,600 with an interest rate in the low 7% range (probably need a 700+ credit score to get that).

Then you’re going to ask her to give you a 3 year 0% loan?

Hard money and private investing are both ways to finance flips, but they work a little differently.Hard money loans are typically from companies or private lenders that specialize in short-term, high-interest loans.

I own a home currently with a conventional loan.

I wouldn’t want to hold the loan for too long, so ideally it would be a 5 year term, presumably ballon payment at the end.

@David Lewis I've house-hacked both my duplexes in Beverly, MA just north of Boston and I definitely feel your pain.

If they can afford to stay, chances are they need to refinance and get the X name off the loan.