So when buying property using a hard money lender, while doing the rehab portion of the BRRRR method you obviously have holding costs that you have to pay while in the rehabbing portion.

There are lenders (non-bank) that can do both the initial hard money, or bridge, loan for the purchase & rehab portion of the deal and then refinance you into a 30 yr rental loan.

Make it your focus to identify the portion where you're not competing, and you will win. 

I always have land paid for but looking for easy source to fund the house building portion. 

@Yossi TzemachHi Yossi,Different brands of A/C have different lifespans.Perhaps you can get by with just replacing the outdoor portion vs the whole system.Since you might be looking at a whole system replacement, it might be a good idea to get a couple more inspections/bids.But if you want to keep your tenants (cool) don't drag out the replacement.Good Luck!

Over time as the loan is paid down, I look to take a cash out refinance (small portion to make renting the SFH still profitable and cash flow) and reinvest in multi family in Worcester by 2021-22.

I dont want to settle for a bad location just to find one because ive been told location plays a vital role in that properties future success but i also fear i wont find any deals in the better areas like the lake bluffs, lake forest, long grove, etc.

As part of cash out, prior deferral needs to be shown again (carried over) in the Tax (form) year in which refinance was done or just the debt portion. or4.

That puts a lot of work on your end if a good portion of the people are eligible.

I always have land paid for but looking for easy source to fund the house building portion.