I will also say that smaller credit unions and lenders, while they can be more flexible in their guidelines, can also be more inept and there may be more stupid policies you'd have to deal with as opposed to a bigger bank that has the funds to avoid stupid requirements. 

In general you'll have less flexibility to do any value-add to a townhome because the footprint is fixed. 

If they participate in the brief survey, the number of free minutes on their calling card is increased.Methods of InterviewingIn-depth interviews are one of the most flexible ways to gather data from research participants.

We do try to work with smaller, local lenders...they tend to be more flexible...but if fast is the most important priority then focus on portfolio/commercial style loans.  

This strategy has it's own drawbacks, and requires a commitment to flexibility in where you live over a mid-term period of time.I'm not here to deter you from one investment vehicle or another, just wondering why you settled on BRRRR.

It's a lot easier to rehab empty units, but less cost to do it while rented if your contractor is flexible. 

The rates are usually way better for VA too and their guidelines to qualify are super flexible. 

You definitely have to be flexible

The flexibility to spend it to the limit, pay it down and respend it is tremendously helpful.There's always a chance banks will change lending requirements, and we're doing what we can to eliminate our complete dependency on banks, but as long as you maintain a strong credit score, a reliable cash flow and income, and business at the bank you want to borrow from, they'll likely approve you for the HELOC when you have the necessary equity.Out of curiosity, have you asked for a first-position HELOC?

Purchasing land and building the space would give us much more flexibility, but Im not even sure how much cash we would need for this.