You should still be able to find a few lenders to do smaller rehabs like that, as long as the ARV supports it, and often times the BRRRR tends to work better that way because if it is in a good Sec 8 area with rents that support the ARV, the refi can work out well.Happy to connect and talk through details if you are interested!

Or even I can sub contract work out to other companies and bill it via my own company name.

Three properties for $170K sounds like a bargain, especially if you can force appreciation after a turnover.If the property is breaking even with the initial purchase, I would pull the trigger on this deal with plans to BRRRR (Buy, Rehab, Rent, Refinance, Repeat) the properties as each one turns over to recycle my cash if the numbers work out.

Did it work out well for you?

After enough time in this business, most especially in C-class, you will worry routinely that you're not throwing your plumber or your HVAC guy enough work.8.

It doesn't always work out perfectly but it's been a great strategy for us to build our rental portfolio.I'm sure there are lenders who might chime in with other recommendations.

So how did it all work out? 

I had to have the visceral experience of committing to a 30 year obligation was 5 times my annual salary and then watch it work out relatively risk free (because I have to live somewhere) to feel comfortable making multiple six-figure commitments. 

If that area does not workout for you, then I would consider investing in Toledo!

HELOC interest rates are typically variable, meaning the interest rate changes periodically (often monthly), which adds some unpredictability.If we assume a $150k balance, though, at 9% interest rate with interest-only payments, then the monthly payment would work out to ($150k balance * 9%) divided by 12 (months) = $1,125 per month as interest.