If you'd like to to use one, start developing relationships now.

If you can get a bank to to give even a soft preapproval ( IE talk with a loan officer and go over your numbers and see if it fits into the general guidelines of something theyd do) or even a specific preaprroval based on ARV and your rehab plans , this option can become alot safer.As always when dealing with hard money, consider holding costs for while you are going to be going through this process.

This product allows your to refi your rehab costs into the primary mortgage - it's a product we've used ourselves when we renovated our home, so it's a good way to go.2) Alternatively, you could simply cash-out refi your rental or current home, as lenders will allow you to to take out up to 80% of the home value (although if you can keep it at 75% the rates are better).

As I work to to build my real estate business and portfolio, I've decided to become a more active part of the biggerpockets forum community. 

It is normally used for things like flipping where you have large amounts of income and you want to to avoid self employment taxes as much as possible. 

The more you learn, the more ideas you will be exposed to to help narrow down where to start first.

I work a lot in CO where I grew up and this adventure started from a need to to find a place so I wouldn’t have to stay with my parents when in town.

In that vein, I will reply to to everyone here separately.

Ler me know if you want to to that route.

It also depends on what kind of tenant you target to. To