Simply order the part yourself, not like it would be worth going after the seller for a burner part (unless this is some super expensive part!).

The house was purchased for 203k, our remaining mortgage is 191k, and the current market estimate (although not an official appraisal) is 276k.Our goal is to accumulate properties through the BRRRR method, and as I see it, we have two avenues through which to do this:I can simply use the money in my account to BRRRR.I can pay off my rental property in Beaumont, TX, and utilize a HELOC to BRRRR.I know that most people will say that they never want to pay off a house due to the tenant paying it off for you, and the difference in percentage returns that you get based off of appreciation, tenant payoff, etc.

In order to house hack, do I have to physically be present in the home for a minimum amount of time or can I simply claim a room to myself while I rent out the other areas of the home?

You could either partner with them where they provide the capital and you put in the leg work or they could simply loan you the capital as if they're the bank.

My question is on two things. 1.) would I request simply a loan of private money to supply the money for the down payment.

And regarding finding deals, if you are not doing this full time with the resources to market yourself as a buyer through direct mail, phone calls, knocking on doors, than simply identify your neighborhoods and then look at stale listings on the MLS.

Repairs are simply a natural part of owning ANY real estate, and if you are cash flow positive, the costs simply come out of your reserves from the cash flow.

The rates I've seen are roughly the same you already have, so no sticker shock there, and if you choose to simply pay the line down, it can happen a heck of a lot faster than if you paid down a loan because you can put all your income into the line without worrying about pulling it out in case of need or emergency.Best of luck!

If everything seems really good about the applicant and they simply refuse to provide the SSN, move on and keep searching.

These would simply be to determine your taxable gain.You will however have depreciation recapture taxes due, for the period it was a rental, whether you claimed it or not.