Besides borrowing money from 401k, you can open a line of credit on you Primary house and lenders can typically lend up to 90% CLTV or 70 investment properties.

I utilized a HELOC along with 2 other lines of credit.

You can also get utilize the inspection period to obtain multiple bids from contractors.

We also tell them when they’re going to get their security deposit back and what requirements they have, which are the requirements that are spelled out in the lease, but we highlight the typical problem issues like cleaning, lightbulbs, cutting the lawn, removing all their possessions,… Etc.

I am focusing on the brrrr exit strategy as well but I guess I should have also mentioned that I am also interested in commercial real estate investing as well mainly apartment buildings since I can utilize forced appreciation better with increasing my NOISo I guess my question really is this...

If you want protection, insurance (umbrella policy), properly structured LLC (just placing in an LLC typically does not suffice), etc. is the more appropriate protection.  

Although this was our first home buying experience and could have leveraged an FHA loan, we felt that it was a more lucrative decision, in our situation to utilize a conventional loan.

It is only fixing the property, closing cost, utilities? 

The GC said it's a good candidate for an ADU and that she can put a 3 bedroom, 1 bath unit in there for $120k the has flood control, dedicated utilities, etc.

I talked with a commercial loan officer and he said typical rates are 6% with 15 year amortization.