Money order?

In this event you will be able to purchase the property for less money now and refinance at a lower rate when interest rates drop, making your deal that much better!

The reps i've spoke to say it's a private money lender but I just want to make sure they're a legitimate company.

We would use hard money and close very quickly.

You're losing money every day (which you can go after the tenants for). 

Here is what is being considered:SCENARIO 1):1) Parents loan us money at X% rate.2) Loan terms would allow for early payment without penalty (we would get a conventional loan in 2-5 years to pay parents back).

I don't know of any mortgages where you can put no money down. 

Just because you buy something for $350K and renovate it and put money into it doesn’t necessarily mean that you will be able to get a much higher value on a BRRRR strategy if none of the other units in your development or area will comp out.

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I've never actually seen a HELOC where the bank restricts what you can use the money for.