As @Sasha Mohammed had said, most banks are set up for and designed for owner occupants.

You didn't mention how you would split the profits and what your exit strategy is going to be.  

Hi ya'll I'm putting together a Pitch Deck for Private Lending and want to add Exit strategies to it.

As such I am shifting my strategy to buy in the more affordable housing space focusing on the Broad River/ Bush River area and Friarsgate in Irmo (for the schools). 

The HELOC is a great tool in the BRRRR strategy (Buy, Rehab, Rent, Refi, Repeat).

Having to this made me cringe a little, the original strategy on the project was to BRRRR, but due to some hidden costs that popped up, renting it out no longer looked like a solid return.

Lupe,This is not a strategy that you should attempt on your own.

I want to start purchasing my 2nd property and I would love to follow the Brrr strategy , My question is what is a better financing for the Brrr strategy ?

If it isn't a very desirable asset just keep in mind your exit strategy.

Any Louisville investors want to meet for coffee/beer to discuss strategy?