@Brice Alef-TorrisiHaving one checking account per property is an excellent way to keep your property finances separate from one another and your personal finances.

We have modified many seller financed notes over the years (with input from the servicer and a qualified attorney as mentioned by others). 

.: Someone asked for more detail on Creative Finance.

I own a mortgage company now that does both residential and commercial finance, but I spent years as a commercial banker with both big banks (First Union/Wachovia) and 2 community banks.

Oregon is a prime region for seller and creative financing on real estate transactions.

@Dallas Morioka why use your own money when you can do seller financing. 

Hey everyone,I have recently read Pace Morby's book about creative finance, and am super stoked!  

A HELOC offers flexibility and lower interest rates, which can be ideal if you’re looking for short-term financing with lower payments during construction.

Just keep in mind that using that emergency fund to buy your next property and having tapped a HELOC already may leave you in a bad spot if you run into a similar problem again.Also, I’m not 100% sure, but I have heard that personal loans don’t your credit more so than other types of debt so be sure you look into that if you go the personal loans route and then planned to finance your next purchase soon after.

JBF Financial Services LLC DBA Finance International Group is a boutique mortgage brokerage that only does business in Florida.