@Devin CutlerI can finance your HELOC funding request.

Yes, businesses repossess cars that have been financed.

Finding financing and deals is not the area where I'm struggling getting started the most, but it's whether I need to seek out a professional contractor to hire and do the rehab or take the time and effort myself and do the cosmetic work/repairs the home needs.

There are a lot of "micro-skills" required: finding a great deal, forecasting returns accurately, financing it, hiring and managing contractors (difficult!)

Mike, I would love to connect and speak about the area and the different strategies, creative financing, and tools needed to succeed in the Myrtle Beach market.

If a good deal comes up that I can only get 10 or 15 years, then interest only helps or if it's negative cash flow, get another with positive cash flow to balance things.Seeing how 85% of my properties are seller financed or "subject to", sometimes I get terms that I can't change and sometimes I can dictate what I'll pay.

If you aren’t employed, getting financed can be a little tricky.

Seller finance would be your best option in a market like Florida if you are looking for it to cashflow right away.   

Seller Financing $275,0005 year ballon, 30 amortization 3% interest 12% down 

I am not sure where the pricing is today as all of my recently originated debt is construction financing which is adjustable and  tied to the fed rate but your broker is not being honest with you if they are saying rates never drop below 7%.As for your desire to complete a BRRRR, the interest rates certainly impact the debt coverage ratio and thus the refinance proceeds.