If you have credit up to a certain level, most counties do down payment assistance and have other kinds of grants that promote homeownership for people who don't have a lot of money of the greatest credit.

If you can not quickly unload you can lose the home or having to borrow more covering the negative.

So as of now I’m one-man operation (on the managing side of the business) and time to time I have an assistant help me.

I'm also looking for any real estate professionals who would be willing to let me work for/with them on a part-time basis as an assistant, "bird dog", or whatever they might need so I can get some real world experience.I look forward to getting to know everyone!

The usual scenario is to leverage your return higher by borrowing at interest rate lower than your cap rate.In your example, assuming no capital expenditures, loan costs, closing costs, etc... a 7.7% CAP and 80% loan, rough estimates of your CoC return at different interest rates might look like below: Interest Rate Cash on Cash Return 4.0% 15.6% 5.0% 12.7% 6.0% 9.7%As you can see the lower the interest rate on the loan the higher the return.Cheers...

Hey @Matthew Roberts@Jerry Padilla is an excellent person to speak with regarding the 203k loan.Let me know if you’d like any assistance with the property identification/acquisition side of things.  

Ultimately I wanted to refinance out of some borrowed money on the deal and hopefully BRRR it so I will need the insurance.

Are there any brokers, investors or agents in Florida looking for an extra free hand to help assist with anything?

HELOCs typically function exactly like a credit card except thy are secured by the property you are borrowing against, whereas a normal credit card is unsecured.

Also consider the forced appreciation on the property that may allow you to borrow even more against it in the future.