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.

However, rates have since moved upward.A 30-year fixed rate mortgage is once again sitting around 7% interest:For broader context, here’s a chart for 30-year fixed mortgage rates over the past 5 years:The real estate industry hoped 2024 would see a recovery in which mortgage rates fell and home sales climbed.

I'm open to properties were cap rate is around 10%+ and Return on Cash is 10%-20%. 

Don't expect rates to come down. 

And it's very pertinent to today's environment because it doesn't look like interest rates will be coming down much, if at all this year.

And you are looking at an interest rate around 7% instead of over 10%. 

The rate will also be high. 

Some people only want 10-20% of their outstanding lines/debt balances available while the other 80-90% to be in fixed rate notes.

With that low interest rate, you will have paid down a lot of equity in the deal and should be able to finance with a bank.

They are short term loans, usually 6-12 months, high rate, interest only payments.