@Jephte Augustin STR typically have fluctuating vacancies depending on season.

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The other option is picking up enough properties to max out my original benefit before I look into the IRRRL, only issue there is the 1 year seasoning period.

That would provide the seller cash from the property plus the 25% down payment from your buyer, then he rehabs it and can then refi again after the seasoning period (getting the seller out completely). 

You cannot use a HELOC as liquid reserves since it's a open end liability.You would be better off taking cash out of a property and securing it into an account checking/savings and allowing it to be "seasoned" for 3-4 months prior to putting in the application. 

Keep in mind the next 2 weeks will be very slow as commercial brokers/owners are off for the season. 

This will take Focus, Consistency, and the Mindset that will not take No for an Answer.Many that are here at BiggerPockets are Seasoned Professionals, and then there is another large group of Newcomers and Novices like myself and my wife.With that being said, there is a Gap that needs to be Bridged in order to make the right connections, do what it takes the first time as efficient and professional as possible, to be further considered a viable asset to the partners andconnections that are made.

(CoC)In almost every chart related to COVID-19 April has seen the biggest negative dips, and staying true to form April logged a 9.1% year-over-year drop in job loss with a seasonally adjusted unemployment rate of 11.5%.By May the unemployment started to correct itself with an addition of 18,300 jobs — still a notably large drop of 7.7% year-over-year job loss, and a seasonally adjusted unemployment rate of 10.4%. (2)To really put this in perspective, in April Austin’s MSA had 1,008,700 non-farm payroll jobs, in May that number was 1,027,600.

This is why I invest in smaller markets that don't have to worry about these massive players. 

For a seasoned real estate pro its not a bad idea to us heloc for short term cash flow to keep a project afloat, but for someone who is a part time investor or just getting into the game it could be a nightmare.