@Arthur Voskanyan yes, a HELOC is going to come with an adjustable rate.

Lots of variables, but if I had to reduce it to one metric, I would use:  Minimum profit of 15% of ARV.So, on a house that we believe will resell for $400,000, we'd be looking for a minimum profit of $60,000.That said, here are a few additional thoughts:-  Obviously, not all rehabs require the same amount of time and risk, so if we run into something that is out of the ordinary for either (much quicker/longer or much lower/higher risk), we will adjust that requirement.-  These days, good deals are hard to find. 

I don't make tons of money now, so the pay increase could speed up the savings plan for a down payment which is the main reason I even consider this.

Working with the government will likely be a pain though so be ready to adjust on the fly.HomePath.com

So in this example, I would emphasize the speed and simplicity to close fast without any headaches.  

It's like speed dating for investors and brokers. 

They likely will show you 3-4, then adjust their list from your feedback, and show you a few more, if nothing comes of that, your dropped like a hot potato.

The creativity I mentioned before, refers to many things but in particular this limo "company" I started after getting a crazy speeding ticket in my friends race car.

I will also consider using tenant screening that BP suggests (mysmartmove) and looking at the fees and adjusting if $50 each is too much.

When I did I adjusted my lease to go 6 months (until June 31), and then renew for 12 months after that.