Gene,Best two ways to make money and buy multiple REI's quicker is either "All Cash" purchase of a property and immediately do a "Delayed Financing" loan.

My thoughts were:-Purchase at $220,000 with subject-to financing-Pay the $6k to get mortgage current, then take over the existing mortgage/payments-Give seller 2nd lien position and pay them $500/month (100% go to principle balance on 2nd lien)This essentially becomes a break-even (or small loss) situation on monthly cash flow, but I own the property with $0 money down and get the benefits of depreciation.

We negotiated 300,000 in seller financing.

An open-house - and we were able to negotiate the price down by $41.000 How did you finance this deal?

So, if you are fairly well funded ($50,000 cash) you can buy 3 times as many properties and get much more equity and cash flow using creative finance.

we've been researching different kinds of financing and see hard money to cover the purchase price and a heloc for downpayment/reno costs as our best options.

If you were financing more you might see a higher ROI (not sure what it looks like at 50%).

@Gustavo TellezWhat type of financing are you looking to use? 

I target emerging markets such as Minneapolis, MN, the sub-markets of Charlotte, NC and many of the other sun belt states.With a background in finance and economics, I act as our teams underwriter and investor relations specialist to help passive investors invest in opportunities that fit their investment goals, providing cash flow and equity growth.

I would like to finance $600k-$700k total, to pay off all of the above, plus finance a BRRRR/HH purchase for less than $300k.