We are buying $20k-$45k houses in Indianapolis following the BRRR Process. We use private money interest-only loans to purchase/renovate however we still have not decided on the best strategy for re-financing. I don't think it's worth using a fannie mae loan as I can use my 10 fannie mae loans for higher value properties.

Here are my ideas:

• Build a large portfolio of them and then get a commercial portfolio loan from a small local bank (A bank we deal with California wants $1mil minimum portfolio size, not sure what minimum Indiana banks would have). 
• Get private P&I loans (5 to 10 year terms) which hurts the cash flow now but pays off later
• Keep under private money interest-only loans and pay off those loans through Flips, cashflow, or other income
• Add equity partner with W2 and put fannie mae in their name.

Looking for any ideas or advise!