Interest is not accrued until funds are borrowed, and then only on the amount used, not the total amount available. 

Definitely look into a couple different deductible options in addition to other discounts that may be available. 

I'd be careful about undercutting other office splits, as the type of agents that sort of plan attracts aren't usually the ones you want...plus they'll jump when a cheaper options comes available.

Total between us, we have somewhere between 70-85k worth of cash available to us.

You've been trying to buy a house to no avail. 15-20 offers, multiple fall through and bidding houses up. 3.

Would love any feedback available!

I would contact RBC and tell them what you're looking to do and they have us investment program available.

Our house in California has a loan on it for $220k but is worth about $600k and since we are still owner occupying it we are thinking of pulling out a HELOC on it so that we can use the money to purchase a couple for rental properties once we get back to Indiana or just have it available for any major future problems.

The idea behind the BRRRR is to have a property that rents for enough to support a refinance that gets you maximum available leverage (loan), and still cashflow nicely.

Originally posted by @Michael Le:My PSA always state that the DD period starts upon receipt of all agreed upon documents.This...whenever possible, once all requested, available due diligence items are received, the DD period then starts.