I hope this helps, it can be a great market and we live in a beautiful place, we just have a lot more competition now!

@Aaron Rushtoni know your questions are very focused on the HELOC but... there are lots of aspects to a BRRRR, and financing is only one of them.and if you use borrowed funds for 100% of everything then yes, that's potentially less cash out of pocket, but it also increases the overall cost of your project, putting more pressure on the appraisal and refinance. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Additionally, repair costs (if any),  all closing costs are covered by the buyer, and there is no commission!

Having been a PM in commercial construction for 15 years they do not control the acquisition cost or disposition cost.

Does anyone know if more competitive DSCR lenders who I should speak with about my situation? 

We have a multi family rental unit which uses oil for home/water heating.Our tenants are responsible for purchasing their own heating oil.We are trying to figure out a way to determine when/if our tenant is running out of fuel.Our maintenance person has communicated that one unit has repeatedly run out of fuel, creating an increase service cost on their boiler.I know there are WiFi options to meter usage.

We already have a small portfolio, 3 doors, in Omaha, NE where we live, but the market here has gotten too competitive/overpriced.

For this cost, $350 for the plus, I am extremely disappointed.

How much does it cost?