@Jeff SullivanWhen investing with a non-spousal partner, you generally need a legal entity such as a LLC for tax accounting reasons.When you capitalize the LLC with the properties, you really should refinance into commercial loans. 

Hey guys I’m looking for advice on my situationI have a rental property I’ll be finishing renovations on in a month or so I paid for it cash and own it free and clear I’m looking to refinance it but I’m also in the process of rebuilding my credit (part of the reason to refinance is to pay off some debts)how can I refinance this house with bad credit I’ve been doing some research and non-recourse refinancing at a low LTV sounds like a option but I don’t know any lenders who specialize in these?

Based on this information you will know if the property would be worth the effort, ie if the cost to rehab exceeds the value or if there is enough equity you may be able to refinance the property pay the back taxes and get funds to rehab the property.Then I would suggest you get a home inspection that would give you a unbiased professional opinion of the work to be completed.

Possibly pull a HELOC or cash out refinance on another property to pay back hard money so you can close on time.

@Andrew Syrios just to make sure I understand, The cushion you’re talking about is the fact that the property can drop all the way down to 75% of my original ARV, before I am upside down on my refinance debt?

A property added to my portfolio that will cash flow $375 after refinance.

Our strategy for funding is to find private money lenders to fund our flips and rental units, then cash-out refinance the rental units in order to pay back our private money lenders (BRRRR). 

Me personally I want to do the BRRRR method by buying a house cash then puling my money back out on a cashout refinance.

They helped me do a cash out refinance into a 30 year loan, on a property that was illegally zoned. 

Lastly, a lot of this will come down to the numbers of the BRRRR, your purchase price, your rehab cost and your refinance costs.