Not a dumb question at all, but getting a $100K loan with no track record is difficult.

I've done a lot of research into this and believe this is for me, but am getting some roadblocks when it comes to funding requirements and my buy box not aligning.

With $50k down and a 7% rate, the payment would be around $3300.In the Denver area, you can get $800-$1000/room.

Quote from @Hanna Brown: @Jay Hinrichs If the bidder at the auction pays cash for keys to get the homeowner out, does the person redeeming from the owner position (exercising rights of redemption w/in 180 days) have to reimburse them for those costs they paid to get the homeowner out? 

From what Ive seen looking the home equity and heloc are similar if you get a fixed rate heloc if not your probably paying more in interest.

Get.

Are you looking to get into residential flips and BRRRs or commercial?

Quote from @Austin Williams: Quote from @Stephan L Schnaiter: @Matthew Becker has a good point--stating your goal may help you get more specific and accurate advice.  

When it comes to the 203k, just make sure you have a contractor start date scheduled, and be sure to contact your consultant (if you have one and its not a 203k limited) to get the first draw scheduled. 

Current rates are about as average as they get.