You should be able to find local builders that will finance the construction component of your new build, however! 

If you have questions or want to discuss financing options down the line, feel free to reach out.

How did you finance this deal?

What do you mean by "traditional 6-month financing route"?

A deal this small wouldn’t make sense as a partnership unless the original intent was to scale and grow together assuming this deal works out.In regard to the financing, if you can’t get it on your own without someone else’s balance sheet and income then it would be very difficult to untangle that partnership since he’d be a personal guarantor right along side you.  

HELOCs are definitely a good option for financing BRRRRs.

If you’re still looking for insights or financing options to scale your investments in Jacksonville, I’d be happy to help.

A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.

Additionally, depreciation deductions on the multifamily property could offset a portion of your rental income, further enhancing returns.Key considerations:- Financing the multifamily: Would you go all-cash or use financing?

I've been at this a while and have over 70% equity in my combined portfolio, and I'm over 50 years of age, so I don't look at creative financing options.