Even after one year, that property may provide thousands of dollars worth of appreciation, you will pay down your loan and build some equity, and you can depreciate the asset. 

Personal loan for renovations How did you add value to the deal?

Hard Money Loan and HELOC on my own house.

A foreclosure initiated by Ocwen won't touch your credit at all as you are in a second lien position and not a direct holder of the loan/mortgage.If the foreclosure starts you might be able to recoup the money or lose it.

Hey Jack, There are two types of loans investors use in their BRRRR strategy. 1.

I can likely do this loan, but in all fairness, with this type of loan I suspect a community bank is going to beat me out.

Conventional loan, 25% down at ~7% interest rate How did you add value to the deal?

I am looking at different loan options but to break even (not having to put any money of my own in the house after the initial down payment) the current down payment required is that much. 

Kathy, check out Anchor Loans as a comparable. 

There are DSCR lenders will allow only a single 20 or 25% owner of an LLC to sign a Personal Guarantee (other owners are not on the loan, or liable for the loan).