The free service, for landlords with two or less properties, tracks expenses, profit/loss, etc. of your rental properties ($50 fee if greater than two) but it requires linking accounts in order to automatically track and categorize expenses for you.I’m always uneasy when a website requires linking bank accounts.

I've looked at hard money no doc loans. but 1.) seems a shame to go that route when I have so much equity and credit score of 830 and 2.) it's EXPENSIVE and leaves little room for profit.  

Hi Patrick, A few things to think about:You'll need to find a property management company who will manage any deal that you buyYou'll need to meet the net worth and liquidity requirements to qualify for a loan You'll likely need someone with experience to also sign on the loanTypical structure between the LP and GP is a preferred return  and a 50/50 to 70/30 profit splitYou can have up to 35 non-accredited, sophisticated investors with a 506(b) offering, as long as you have a pre-existing relationshipAlso, do you have previous real estate experience?

It would cost roughly half of the sale price of my rental to set up the two mobile homes that would generate double the income.

Unless your able to get it under contract before others, or unless it's listed on FSBO, I don't see this is as a profitable route as you may be using time that could be used towards finding the properties that aren't listed yet.

I would maybe consider a percentage of profit in addition to normal rent?

Often the amount of benefit you get from informed risk can be proportional to the amount of profit. 

Use it the first time, get it back with profit, then use it again...with profit, and repeat...If you did that with a LOC, you would be charged again every time you used it. 

PLEASE HELPIn a perfect world, it is a good property to use the BRRR strategy on and generate income for all of us.

We just hit 7 figures in profit and are trying to keep growing.