.- Private lenders have more variable rates based on the deal.

Hi Stefon and congrats on getting started.There are a lot of variables that go into answering your questions so it's difficult to answer them.

Country in general appears to be developing in that sense too-Not sure of how well the rule of law is followed, variable outcomes for those living there.I am not trying to insult anyone from there or familiar with the area with this quick analysis -- I'm just not very familiar and the information is a little sparse.

We actually already have a HELOC on the primary at the moment (total $220k) (used it to creatively get the first few properties) but I'm hesitant to deploy it at the moment since it has a variable interest rate that's not favorable with the market (I think it would be around 9.5% currently).

HELOC can work like an emergency fund, but the variable rate and the way it affects DTI makes it just like a huge credit card.  

Asking $600k11 Spaces All Occupied8 TOH- $285 per month3 POH- $1300 (Section 8), $900, $750Single Story House- $775 monthlyGross Monthly Income- $6005Gross $72kWithout Due Diligence-Owners Expenses: Maybe $200 per month insurance, $150 for electricity for the Well Pump, $100 for the Trash bin, Taxes $2400 per year (currently), Fixed Expenses= $7800 yearlyVariable Expenses8% Vacancy-$4805% Repairs-$3005% CapEx-$300=1,080 Variable Expenses Monthly

Hey Horacio,Rehab costs are variable and cannot be calculated based upon a % of ARV. 

That depends upon many variables such as location, initial purchase price, neighborhood and city future potential, and so on.

Option 2: Stay in the current property and not sell, get HELOC, which is only 85k with 9%+ variable interest and get a BRRR or single family rental.I realize there is a lot more to that, but just seeking advice from a season investor.Thanks in advance!

As we are beginning to leave this seller's market and hopefully pricing drops, quicker distributions should be coming back.There are other variables, such as the experience of the syndication group, the size and time it takes to reposition a property, the type of deal being invested in.Gino