We signed up for a couple of small net 30 accounts hoping to build it up for our future borrowing needs.

One who knows ALL about the "Delayed Financing Exception", and lends accordingly:- https://www.fanniemae.com/content/guide/selling/b2...And then, when you're sitting cosily in their office, you'll explain that you'll ONLY be looking to borrow 70% of THEIR Appraisal, on properties that you DON'T have a mortgage against (even though you are allowed to have already paid for them by HELOC or personal Loans).

Ya know how people say you "can't" use borrowed funds for the down payment?

The broker will likely have better knowledge of which lenders have an appetite for a first time 1031 borrower from California, for example.Another thing to consider is to buy a smaller property that you will not have to borrow money at all.

However, recently I'm beginning to see more options and better choices.

If not, is there any way I can borrow the money and finance this project with lowest interest rate possible? 

Assuming the borrower actually completes the BK, the result is that the borrower no longer has a Personal obligation for the actual debt....the mortgage against the property is not affected in any way. 

I suspect selling now would be the best choice, given the market and lack of capital gains (under threshold).Not sure how to calculate this easily – I've tried using the BP rental property calculator, but my numbers are all off since we've already lived in the house 8 years.

I am almost desperate enough to borrow money from my bank credit card just to come up with the earnest money.

Originally posted by @Nghi Le:@Rudy BelloI've borrowed from 15 different hard money lenders, both local and national.