This way it will be reported on their credit report so future potential landlords can see.

The only catch here is that each scenario comes with its own rules and potential additional costs.

Where I am going with all this is, have you looked into low down payment options that you all may be able to qualify for and afford without having to use an additional financial instrument on the rental property?

Additionally, consider wholesaling as another avenue to both gain valuable knowledge and bolster your cash reserves.

However, in order to move out and continue investing I would require the refinance of the "BRRRR" method prior to the rent of the property to obtain additional funds for my next property and to move out.

You can also get a lower rate on a 30 year fixed and even though its a 30 year loan there is No prepayment penalty so you can pay as much as you want but not obligated to pay more.A Heloc is a credit risk and can "never" be used as an asset or PITI reserve which is required when buying additional properties.

RE  Mortgage banker etc.2. criminal and credit back ground checks with redacted personal info IE SSI. but you want them to know your not an ex felon or did not pay your child support etc.3.

However, this is subject to change, and some applications may take longer if they require additional review or if there are any issues or discrepancies that need to be addressed.As for tips to expedite the process, here are some general suggestions:Make sure your application is complete and accurate.

That's called a credit report and you are not eligible to receive a credit report on any borrower where you do not have permissible use of that information.

Hey Becca,Have you looked into Additional Dwelling Units out there?