Glad we're secured, but nothing in rei is passive.

Toward the end before closing, they gave bunch of excuses like security breach in their company, don't like the file and the property.

Most work with us, some do not.Be careful also as they may tell you to keep their security deposit as last month's rent.

Being a 20 year mortgage expert and real estate investment veteran, we used our mortgage company to secure below market financing.

However, i'll likely be looking at additional ways down the road to be even more secure for a backup what if scenario.  

I can always sell if I change my mind, and hopefully make a few bucks, worst case break even, since I am buying at discounts.With BRRRRR, an often ignored benefit is the security (if done well) of being all in 75-85% of ARV.

For example, I have a main account that is for my holding company, sub-accounts for each property, and sub-sub accounts for security deposits and things like CapEx for each property.

Thanks for the feedback—it really makes me step back and think about this whole situation.To answer your question about the hard money loan: I went that route because I needed to close quickly, and hard money was the fastest way to secure the deal.

If you're already in a secure financial position, leveraging your equity could be a smart strategy.

Utilizing my relationship with a great local lender I started the process of getting a secured line of credit set up against the 3 unit so I could pull most of my money back out.