The other 1% are constantly reviewed by licensed Realtors, large wholesalers spending $20,000 monthly for marketing, numerous platforms and services selling leads, fix n flippers, syndicators, investment funds,  and “opportunistic” buyers such as myself with millions of dollars in cash to close any discounted deal in less than 48 hours, if need be.  

Hello, I bought my first home in Kenosha Wisconsin a few months ago and have fixed them up to be rented out.

You don’t borrow what could be a life-changing amount of money from a friend and have them obtain their docs through a title company, @Lynne Castillo.

Minimum $100,000 loan amount. 

I have experienced buying the next:-lots -apartment doing BRRRR-Flipping in USA and DR-Long-term and short term -we have about 20 units long long-term rental And now we are building 35 more units apartments 1bed 1 bath for long-term rental (we earn the equity of the construction and with our analysis the CCROI 19% a year after all the expenses been paid)  and developing 15 units close to the beach to sellSo if you just asked me about a short-term term I only will talk about short-term but if you ask me about the other above I will give you my experience for free I have property in the USA and I don't get the same amount of ROI than in DR ask me and I will answer you  

So you're going to have carrying costs with this , as well as opening the door costs , as well as capital injections by both parties of an amount to be able to pay the bills of the llc just to survive as well as to grow business for yourselves . 

Those two together create equity.Here's what I want you to understand about “buy and hold” residential real estate:Let’s use a single family home with a property value of $300,000Let’s use an initial loan amount of $240,000Let’s use an interest rate of 7.25%And I’m going to give you $150 of cash flow per monthUse a 5% appreciation amount for your property per yearLet’s see what happens after 5 years:After 5 years…$150 of cash flow per month = $9,000Your mortgage has been paid down to $227,000 = $13,000Your property is now worth $382,000 = $82,000So that’s $9,000 of cash flow, $13,000 of principle buy down, and $82,000 of appreciation.

Note that this is extremely hard to do with BRRRR deals since the rental amount you qualify for is for the property as-is and you would not be able to finance any repairs. 

Here are some differences between the two to consider: HELOC: It's a flexible, revolving line of credit, allowing you to borrow as needed and pay interest only on the amount you use. 

I've seen fixed fees if the borrower is holding up the loan and not signing, but this is usually after you get clear to close, not prior to appraisal.