@Chayson DesciscioloYou definitely will want to have an attorney draft up the document - I've seen too many DIY agreements that don't cover the person the way they want or thought they were covered and it ends up costing more in the long run to fix it than to just do it right the first time. 

Hi everyone,I'm looking to do some Flips in the Bay Area and wanted to reach out to the BP community to see if you guys have worked with any Real Estate Agents experienced with Investors and in this niche? Open to all...

im stuck on 3rd R of BRRRR.i bought triplex financed my downpayment and used total $45k to fix up now cant afford to refi cash out to repeat cause need 2-3 months of reserves ie $3500-4500 in personal not dba account. i only have dba and i spent it on fixing 3 unit and rehabbing my new personal residence. both have equity but no one wants do Heloc with me credit is 700. owe $79k on triplex ARV is eta $225k based on noi , gross rents $2995 net monthly is $1850, moved into 3 unit for 5 months while fixing then tried refi while living onsite but needed 1140 rent to meet debt 2 income ratio to buy primary residence and b4 moved out i  tried refi via VA but  told need make 6 payments first. so i hunt for portfolio lenders...no luck yet tried 4 in Maine. once moved out tried refi triolex conventionally with veterans unlimited, and quicken loans. both failed me on dumb minutiae wasted 3 months.now spent all my original financed money to fix up triplex and rest money to buy, move and rehabb my primary and now have no reserves. im living off my rent incomes. cant save up need buy 6-8 unit need 25% down plus rehab costs.sitting on 3 acre river front 1500 sqft camp with 2 barns 35ft from river that needs rehabbing but owe $52k ARV is $190k. holding is $550 month, needs $50k rehabb any lenders offer no reserves and 100% besides VA and no seasoning?

Since getting a W2 job two months ago, I've focused my spare time (and mental energy) on managing and investing my fixed income. 

For fix and flips, it's not really an issue because the investor will rehab and sell the property before any FC can possibly happen.

USDA loans sounds good but i am not sure if i can get one since i am in debt. 203K loan for buying and fixing a foreclosure is something out of the sphere of the imagination.

The inspector cited a slip hazard on the back porch, which was a 24-hour emergency fix.

@Curtis Shotliff will you be able to refinance the duplex with a 30 year fixed and pay the HELOC back?

Even buying out of state will be tough because you'll likely need a down payment of 20%+ and you want to have cash reserves for when something goes wrong at the property and you have to fix it.

I'm currently in the process of fixing up my primary residence in preparation for an appraisal to use for obtaining a HELOC.