@Scott Smith congratulations on your gain as i am exploring option 4 below as well .

We have had the rental for a while and now I am ready to purchase another rental home but am having a hard time deciding on the best financing method. 

We are going to get rents up to market once the rehab is complete and then explore more value add opportunities.

BRRR method is by far the most profitable way to invest in real estate and create that investing snow ball!

Bought for $85k BRRR method is by far the most profitable way to invest in real estate and create that investing snow ball!

You can use old methods like listsource, driving for dollars or even skip tracing but you will find out quickly that these home owners are being reached over and over again.

As a method of encouragement and accountability, I wanted to raise this question for us: what are your real estate objectives in 2019?

CAUTION: if you do this method, make sure you have vetted the person and the investment really well before lending any money.  

We are exploring some other markets that have more growth but the returns will not be as good (equals that of phoenix), but will likely have more upside on appreciation and rent growth.  

I was thinking about offering 12% interest only payments on a 12 month term as I am using the brrrr method and will refi out to pay off the loan. 1 member asked me about some sort of collateral like name on the title which i said i didnt want to do, but it made me think what about some sort of lein on the property during the loan?