However, a lot of eyes are on these so the prices get pushed up quickly.

This frees up your cash to allow you to keep making transactions and allows them to follow the lender guidelines.For rental, there are lenders that will loan 75% Cash Out, and I have heard of lenders offering more locally out west, with a 3 month seasoning requirement for market value.For primary homes, or house hack strategies, a HELOC may be the best bet, as lenders vary, but overall some strategies will offer the best savings of all.

I stole the following from @David Greene almost in its entirety.

You need to structure the deal as follows:700k purchase 100k construction (deferred maintenace)800k total acquisition20% down consisting of two parts... 80k refinancable equity from your condo and a 80k seller note 2nd mortgage (your dad) Wrap up those big ticket deferred maintenance items right away.

Find people who have done what you are looking to do and follow in their foot steps.

Doesn't look like it, but you should follow up with them to make sure. 

If not, you need to learn and follow the process.Otherwise you need to get the remainder of your $80k back before it goes in his veins! 

Hi BP,As I move forward with my real estate career and look to take it to the next level I have been in search of a mastermind group or group of like minded individuals to help push and motivate each other.

A follow up question is, how much is expected in reserves using this method?

Just need to be extra cautious that I am following the rules & regs.