The latter will typically cost you more, as there are two sets of closing costs and the front side will pass their cost on to you, so you pay twice essentially.

Understanding how to source and underwrite deals is essential to BRRRR properly.

And thanks for the adherence to principles intended to keep BP free from “disguised” bias, @Scott Trench.  

They maintain access to the house managers and meetings, and while we make the transition to independent living as seamless as possible, they are essentially on their own. 

It gets tricky to get deals to pencil out with 100% financing essentially, so you would want to make sure you're all in at no more than 65% of the ARV and have a deal you can be in and out of pretty quickly especially if you're using something like a business loan or credit.

Standard heloc cost on a 100k @ 5%, 10 year term(int and principle)= 67k in interest.  

I might use the HELOC as an emergency fund knowing if I tap into it I now have to aggressively pay it down.Then main thing is you don't want to overleverage any property and if you use a second mortgage to buy a property, you are essentially 100% leveraged on that property.

We don’t want to let her get away with this again and it’s more about principle at this time.

A professional property manager can protect your investment by ensuring everything is handled legally and fairly.Maintenance and Repairs: Routine maintenance is essential for keeping properties in good condition and maintaining property value.

I’ve received a number of responses from investors essentially stating that they use a simple buy/rent/hold approach in small residential properties, and have accumulated net worths in the 1 - 3 million $ range starting with just one mortgaged SFR.