Congrats on getting the funds together for your first BRRRR.

I have had this burning desire for a couple years to start back flipping homes and then would like to rent for positive income to fund my flips.

Do I risk risk losing them and raising the rents?

Jake Stenziano and @Gino Barbaro will show how they have bought, repositioned and refinanced multifamily properties in the Knoxville MSA and Steve Goldman, one of the top multifamily brokers in TN will give details of the overall demand for rental investments in East Tennessee.Additionally there will be details of how investors can access fix & flip funding for both single family and small multifamily properties.Hope to see you there.VictorVictor

The property is worth 210k and I owe about 140k on it.I have another 80k saved up and would like to put about 60k towards my next property (leaving 20k for emergency funds, rehabs, personal fund etc.)I have zero debt (no student loans, no car payment) outside of the HELOC I had to purchase the first property I stated above and most of my living expenses are paid by my employer (car, gas, cell phone).I am based out of Central Pennsylvania and am looking to stay somewhat locally for my first few properties (Harrisburg, Camp Hill, Lancaster, Hershey etc.) and am not really interested in out of state investing.Just looking for some advice or input on what you would do next if you were in my situation,Any input and info would be greatly appreciated, Thanks!

I also found a lot of land where the owner was willing to seller finance, so it worked well for someone like me that has little funds to purchase anything.

We have used various methods to save up for down-payment funds: we set aside pay raises instead of consuming them, re-enlistment bonus sums, tax-free income from deployments, an inheritance check, the tax-free savings account while deployed...And so forth.  

I ask because if we need 15% down, we are going to have to buy quickly before we get raises or I make more money on the side.My second question is:  Once we have that first MFR, what is the best way to finance a second MFR? 

Include 5% of rents as "slush fund" for unknowns. 

By using a Private Money Lender to fund the deal and maybe the repairs - and then refinancing later into a long term mortgage, you can spend nothing.