Also, what are you main reasons for looking to STF in Rockford, not knocking the area by any means but there is so much opportunity within the city limits where you're less likely to have extended vacancies.Short term rentals have taken a beating this year, while long term rentals have seen an uptick in what they can charge due to high home prices, and inflated interest rates.

DSCR doesn't use your income or assets to determine the loan terms. 

Each option has its pros and cons that can impact your investment strategy and overall success.HELOC (Home Equity Line of Credit)Pros:Lower Interest Rates: HELOCs typically offer lower interest rates compared to hard money loans.Flexible Terms: You only pay interest on the amount you draw, providing flexibility in how much you borrow and when.Revolving Credit: As you pay down the principal, the available credit replenishes, allowing you to use it for multiple projects.Longer Repayment Periods: HELOCs often have longer repayment periods, which can make managing payments easier.Cons:Qualification Requirements: HELOCs require good credit and sufficient equity in your primary residence.Secured by Your Home: Your primary residence is collateral, which means a default could risk your home.Variable Interest Rates: HELOCs often have variable rates, which can increase over time.Hard Money LoanPros:Easier Qualification: Hard money lenders focus more on the property’s value and potential rather than your credit score.Speed of Funding: Hard money loans can be approved and funded quickly, which is beneficial in competitive markets.Flexible Use: These loans are designed for real estate investments, making them suitable for purchase and renovation costs.Cons:Higher Interest Rates: Hard money loans typically have higher interest rates and fees compared to HELOCs.Short-Term Loans: They usually come with short repayment terms (often 12-24 months), requiring a quick turnaround on your project.High Fees: Origination fees and other costs can add up, increasing your overall project expenses.For a BRRRR strategy, a HELOC might be the better option if you qualify and have sufficient equity in your primary residence.

However, you could do a quick bridge loan at a high interest rate and then do a dscr rate term refi to get out of the high interest.

This may slightly affect the types of financing options available, but if both applicants are well-qualified financially, you should still be able to secure competitive financing terms.

It's a duplex that I'll be house hacking.Outside of real estate, I enjoy almost ANYTHING outdoors, when indoors I love movies and board games, I'm dedicated to my volunteer ministry, and I've become fluent in Russian (learning Ukrainian).I also run my own SEO, marketing and web design agency, which I am PASSIONATE about! 

If not I looked on Vanguards website and they had a short-term Roth IRA.

In talking with people already in the game, many have told us that long term rentals right now are not a great option due to high home prices and higher interest rates; they would be very hard to cashflow aside from a sizeable down payment.What these same people have recommended is fixing and flipping right now, since homes are still selling.

I borrowed 62k at 10% APR for 12 months with interest only payments and a balloon payment at the end of the loan term.

I'm currently looking at 2 hilltop lots in phoenix to build a dream home. 1 is located at Lookout Mountain and the other on Central & Jomax. I'm not sure which location will be the better overall investment in the...