In a perfect world, sure, it's not a total loss or a terrible deal to get the properties in your scenario.

@Chris Mason so you're suggesting that allowing him to borrow 100% of the funds he needs is a terrible idea :) Why is that?

Some don't care about the borrower's income, but put a lot of emphasis on their credit and experience. 

Even if you got a HELOC off your primary I'd only look for BRRR investments that way you're paying that credit back quickly.    

As long as I have the money, good credit, and job history getting the loan shouldn't be an issue.

I have considered any and every expense associated with the project, including credit card/paypal fee's, credit card interest payments, travel expenses.

Can anyone recommend low cost low rate options for credit cards ?

In 2015 we went through a personal tragedy and we were forced to use credit cards to deal with it.

The will ask for your last two years tax returns, W-2's, most recent pay stubs and two months bank statements as well as statements of other assets you may own, as well as your credit score.  

@Jonathan Hernandez in both scenarios you are borrowing the down payment and a line of credit for the rehab.