A local lender has recommended an SBA 504 for the total of the purchase price plus remodel costs. 

Purchase price: $65,000 Cash invested: $235,000 We are thrilled to announce that we have secured a construction loan from BackFlip to complete our project: the construction of a single-family residence (SFR) on the beautiful West Coast of Florida!

Purchase price: $275,000 Cash invested: $60,000 Sale price: $417,000 Knotty Alpine Cove in Gatlinburg, TN was our first BRRRR to STR.

Using a HELOC  is a great idea as it is essentially a cash purchase.

I did recently purchase a home to start our family in, however I would like to look for an investment property.

Purchase price: $299,990 Cash invested: $25,000 Sale price: $360,000 First Property - Buy Hold and Sell

I recently purchased my first property that I plan to BRRRR, and had used a homestyle renovation loan which allowed me to use a bank for the mortgage and rehab.

The property I will be purchasing is a condo with a HOA that has a 1 month minimum rental period.

Is the property being delivered vacant in the purchase contract ? 

I am not sure about Newport News but in my market, you'll need 5-10% of the purchase price to get the deal in contract.Without a contract or a Real Estate license in VA, it could be a waste of your time to go out looking for a buyer.