Hi Rene, the programs that I often utilize for clients are capping cash-out refinances at 75% LTV and rate/term refinances at 80% LTV.

Purchase price: $200,000 Cash invested: $27,495 Sale price: $306,340 This project was a very interesting one!

I know this is an abstract topic, so ready to provide more context when prompted.

I am not afraid of an audit, because we follow the law.Taking advantage of the incentives legally provided in the tax code, created by Congress, should be viewed as a patriotic act. 

@Aaron Rushtoni know your questions are very focused on the HELOC but... there are lots of aspects to a BRRRR, and financing is only one of them.and if you use borrowed funds for 100% of everything then yes, that's potentially less cash out of pocket, but it also increases the overall cost of your project, putting more pressure on the appraisal and refinance. 

Cash or credit to be able to close on the property purchase YOURSELF.  

In Indiana, you do not need to provide any reason to non-renew a lease.

Car washes require regular maintenance, collecting cash, etc.

Buyer gives 330,000 cash, and takes a 330,000 lein on the property. 

The 4-quads are about 2x in price and cash flow about the same and maybe slightly lowerI see the advantage of 16-unit as rent upside w value add and reno, same PM team (same for both cases though)For the 4-quad: financing is easier and can sell individually.