Hi my name is Caylyn and I wanting to become an investor by using the BRRRR method.

And I believe we may be over leveraged with something like 7 300k+ homes where a few possible vacancies and/or large unexpected payments could make it all come crashing down.

I have read a few different opinions on this method.

Out of this 10k your lender is only using 75% to 80% towards your mortgage, in other words you only qualify for 7.5k to 8k mortgage payment, which translate to about 1.1m loan value. bank want to see you downpay at least 20% to 30% in those deals. 2.

I have good monthly income and available personal credit to float any monthly payments and even the repairs, its really the downpayment. 

I’m looking to invest in my first long-term rental property using the BRRRR method but I am trying to find the best financing options for me.

The rental payments helped me pay back my GF and now everyone is paid for, the unit itself has more than doubled in value.  

@Cedric D'Hue you need to file a 3115 since its a change in accounting method

I'm looking for an interest only payment option as well.

It is a great advantage to the guest and also the host to split the stay into several payments.