I know that real estate can leave a bad taste in your mouth if it bites you the wrong way but here's to hoping that you find the education you need to move forward confidently! 

Let's break down what the BRRRR method is.B = BuyR = RenovateR= RentR = RefinanceR= RepeatThis method only works when you are able increase the value.

There are some downsides to a HELOC such as interest rate increases which is likely to happen. 

I'm thinking of increasing my offer a little just to see if they will counter.

Also, how much are others increasing the rent yearly?

I would obviously look to first get those apartments rented then increase rent to other apartments as the area grows.

I probably should simply keep pushing through but deals get more intimidating the higher you go shaking my confidence in the numbers when it comes to making offers.

@Cameron Oades Hi Cameron - there are a few markets in Quebec and Ontario (not the GTA) that I've been working in that still have great cash flow and moderate but steady increases in property value.I go for communities that show a 4-6% increase in value, a less than 10% overall vacancy rate (I aim for 5) and constant increases in population.I am currently working on 5 deals that are quite promising.

That said, I will seek higher margins for properties that are more expensive within that market, as risk increases as you move to properties fewer buyers in that market can afford.

I've been using Guaranteed Rate for my last 2 buys, never used them for a cash-out refi but my lender is not confident that I can get 75%-80% LTV for that, but instead 70%.