Two methods currently peaking my interest are Turnkey or the BRRRR strategy.I'd love to connect with anyone who has recently transitioned into working with these strategies.

It is simply another method to make money.

Do you know if using home equity is an acceptable method for a down payment?

We were able to meet them at the property and get comfortable with each other before they booked, and AirBnB turned out to be a good method for communication and setting that up.

I've not thought this rental group through yet but can anyone recommend the best method moving forward? 

Aram,First, I need to correct something that Michael Norris Posted, Replacement Cost and Actual Cash Value are methods of valuing the the loss.  

Their internal appraisal method is a little wonky IMO but again, you are free to get your own appraisal and inspections and lenders will require this anyway.

This is just another method that I have personally have had success in, its shocking how many people want to be in real estate, but they just don't have the time to do the ground work.

Note that rates for HELOC are much higher (about 9.3% at Wells Fargo) than when refinancing, but you can withdraw some money from the HELOC (or withdraw the entire amount) at a lower fixed rate for a short term period.

I just turn in my PSA with Method of Payment addendum and the title co has it drafted by one of their network attorneys for about $300.