Does anyone have an STR Analysis/Proforma spreadsheet that not only has the mortgage for the rental property as part of the expenses structure but also includes a 2nd mortgage (HELOC) which may be used as the cash for downpayment incorporated into the analysis? 

A type of strategy that I've been intrigued with and have been studying quite a bit is creative financing, more specifically seller financing.

Also, I need to do more homework on the creative finance route.

@Axel Meierhoefer personally I am shifting towards more creative financing options like seller financing or buying a home subto the existing mortgage.

There are plenty of lenders out there who are doing some very creative financing and I encourage you to add that research to your list. 

I'm focused on small multifamily and distressed residential properties (condo and SFH) in downtown Chicago, North and Northwest suburbs that can be purchased creatively, fixed, and flipped, or held.

@Brechman Dieujuste You can incorporate your LLC anywhere you choose--it does not have to be the same state as your residence or the property.

Ultimately, I would like to flip one or two homes before incorporating the BRRRR method.  

I am just trying to be creative in buying more properties faster than just 1 a year.  

I feel like I don't have enough experience to lend Private Money and I'm afraid to do a mistake and not get the money back to the lender, the interest rates of Hard Money Lenders are super high, I was taught that with conventional loans it's hard and complicated to find good deals and I can't find any decent deal with creative financing.So my question is what should I do next?