I define small business owners as people who employ w2 employees.

Whether to go with a BRRRR deal or multiple down payments depends on your risk tolerance and long-term strategy.

I own a mortgage company, so I have my loan officers use this Fannie Mae income calculation tool for all business for self borrowers: https://singlefamily.fanniemae.com/applications-technology/income-calculator .

Since your property has high resale potential, some lenders may be willing to work with you.Cash-Out Refinance – If you’re open to refinancing, you could take out a new mortgage for a portion of the home’s value (say, 60-70% of the $500K), and use the cash difference for renovations.Personal Loan – If you have good credit, you might qualify for a personal loan for part of the rehab costs, though interest rates are typically higher than secured loans.Partner with an Investor – Given the potential profit, you may be able to find a real estate investor or contractor willing to finance the rehab in exchange for a share of the profits upon sale.Your best option depends on your financial standing, timeline, and risk tolerance.

So I'd say the answer to your question is it depends.

It kind of depends on the type of properties you're looking for funding on.

I understand that these rules vary depending on the state, but any thoughts on this?

The challenge was separating business from personal relationship.

It wasn’t an easy path—in 2014, I even filed for bankruptcy while trying to launch a business.

I guess it depends on how much money you have.