I would always encourage everyone to get prequalified first to know what terms they face at the end of their BRRRR but since you have executed on this property with a partner I would highly recommend seeking a portfolio/commercial style loan for this one.  30 year fixed rate should be your target and usually between 70%-75% LTV is the norm.  

Now this may seem common sense but I assure it is a common ailment of mass delusion as many are seeking the price of the negative load with all the attributes of the positive load, or what we call fantasy land. 

@Matthew Pritchett  I would do your lease month to month in 30 days,  the terms penalties, etc, are consistent with what you usually have, unless they already have a decent lease consistent with your terms. 

Hey guys.  Cutting straight to it. Where is a good place to look to find  20k in funding for that won't be in 1st position.  The senior debt will be n first.  But I can't find anyone who will lend in second.  6 house...

Networking, letting people know you are serious about investing, and meeting other serious investors has been the backbone of building our business.When you are in the Facebook groups, are you interacting with the people you seek? 

OK I am losing hope here! I give up! I didn’t do anything wrong and I am not sure why laws are not even on our side with the ridiculous amount of taxes we pay!!!!!!!!!
I have some very bad tenants who are not only n...

If you are seeking regular commercial bank loans or portfolio loans, they will not care about the number of financed properties.

I would only seek out this option as a means of a competitive advantage in my high cost of living area to get started.

@Eric MerrittFor your situation I would strongly consider getting a HELOC on your property in MI with interest only payments and NO prepayment penalty; also the longer draw period the better. 

I'm seeking mostly buy and hold for long term rentals, but I think there's room for strategizing with flippers/builders to increase values and shore up sections of neighborhoods in chunks at a time if a group of people are working together.