For a loan with a balloon payment, the investor first chooses the length of amortization.

This should be obvious and should be common sense.I do not blame you guys for doing these methods...

We have about 100K in equity and have some cash on hand but not enough to cover a 20% down payment, loan costs, and rehab costs so the HELOC or second loan seems to be needed for our first deal.

A licensed agent can start sending you houses from the MLS and a Wholesaler can help send off market deals to you.Since you mentioned the BRRRR method it sounds like you will be financing the deal. 

This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.

The rate jumping from 3 to 7.5 jacks up the mortgage payment too high so I've decided to just sell it.

Promissory Note: - [ ] Principal Amount - [ ] Date - [ ] Payments Schedule - [ ] Interest Rate - [ ] Prepayment Terms - [ ] Default Consequences3.

Duplex house - 2 units both 2/1 (good condition)Estimated sale price $310kQuoted payment 7.5% (25% down)$2068.96/month (assuming $150/mo for insurance and $293/mo for taxes)$87,149 cash to closeAnnual cash on cash return 3.6%cashflow $252 monthlyBoth units currently occupied and lease signed through April 2024I will be using property management for this property because it’s out of state for me. 10% fee. 

Refinancing to conventional and dropping the PMI may help reduce payment which the higher balance might level out my guess is your PMI is about $215 a month.

Remote can be...Marketing, Lease Signing, Lockouts (install coded smart doors), background checks & screening, Virtual Tours, Payments (online or ACH debits)Live In Person (local team)...Showing units, Posting Notices, Evictions, Dealing with Complaints (some need live interaction), Maintenance Calls, Property Condition Tours, Meeting Utility Companies, Meeting Contractors, verifying Contractors work, Live personal touch with residents (can improve tenant relations depending on property), Cleaning, Turns, Police CallsThrough the years, I've learned that there are places to save money and places to invest.