It doesn't have to be fancy, but it’ll help you keep everything organized, especially if you need to provide more detailed information down the line.

I generally agree that if interest rates were the same between HELOC and mortgage, it makes sense to attain the flexibility to hasten pay off with ones extra cash flow - or borrow it back as desired/required.As for your last sentence, it's not "the same thing", simply because: interest rates are not the same!

Systems, processes, efficient, organized, steady, handles all the details.Another model is:1.

Investing in syndications through an LLC can help organize your investments.

Systems, processes, efficient, organized, steady, handles all the details.Another model is:1.

Donating appreciated securities to a charitable organization can be a smart way to give, both for you and the charity.

Velocity of money, or speed in which you can complete a BRRRR investment and repeat, is key to success, and refinancing with the shortest seasoning requirements is highly important.Loan terms and interest: Cash flow is also an important consideration for a refinanced rental property, so attaining a low interest rate, as well as other aspects of loan structure (term, amortization, or interest only, etc.), plays a big role.Generally, there are three main refinance options for BRRRR method investors: Conventional loansBank/credit union loansDSCR loansConventional loans are generally defined as loans originated under GSE (Fannie Mae/Freddie Mac) rules and guidelines and securitized.

Or maybe he has a special form or organizer that he will want you to complete.

Did you use the lead and coaching service and did that organization treat you fairly? 

This is how it is supposed to be handled but some lenders have overlays or loan officers are not aware of the actual guide lines or rules depending on their organization or who they are selling the loan to in the correspondence channel.I have come accross this several times you simply make the underwriter aware and in some cases the agents and appraiser are informed as well in case there is a need for an outside LOE letter of explanation.