My problem with that scenario is your lack of funds.

Spread out your funds and get loans for 5.

I've been studying up for a long time and ready to take the plunge once I can save up some funds, unless I can find a good hard money lender willing to make a deal.I work in IT for the government, but my primary goal is to have enough properties that I can become FI and quit my day job to do this full time.

Just wondering if I should try and go back to the bank for addional funding or should look else where.

How would one go about finding a rehab with this type of funding?

Get your emergency fund, then pay off your debts. 

It may make much more sense for you to put the money into a diversified fund (i.e. syndication/crowdfunding).

When we bought the property, the area was “desirable” bc its close to a city/metropolis...jobs, city life etc.

Hello again BP membersI have recently discovered how to pick up not so bad REO SFR’s to flip and rent out (or flip and sale .. not my thing though) with basically using the brrrr methodMy question is more of which is better scenario to be inif to pay down my primary residence and then have (easy numbers) 100k available in HELOC moneyOr have 100k cash money laying thereAnd then after having such funds available (easy theoretical numbers)Go out and Find a REO SFR for 50k Needs 25k in repairsAppraises and ARV comes back at 100kAnd will rent out for 1400-1200 a monthCash out finance 75k (75% LTV)Pay back your self or helocAnd repeat process overNow my immediate goal is to reach 15k PASSIVE income but i want opinions on how to get there faster and with this idea i have seen a few examples of in older threads but not alotThanks in advance!

I understand it's for their retirement but it's not your job to fund them.