Once the job is secured, then those kinds of contractor may end up cutting corners or taking on multiple jobs at the same time to make it work. 

I would have to put the $30k down to secure the loan.

It is a proven reliable method for getting rich slowly.

Depending on the loan amount, they will probably want a 15-25% equity injection.You can also utilize your health insurance claims and/or medical equipment as collateral for a secured line of credit. 

This is why for self employed applicant it is difficult to secure a new mortgage. 

Thanks to Southern California appreciation, there is now over $150k in equity and my 2nd would be more than secured.

@Jon Ostojic One option might be to try selling a note and mortgage secured by your properties to an investor in notes.Regardless of your strategy for financing the deal, you can always present an offer to the seller in order to get the home under contract before finalizing your financing.

I feel like I can not find relevant information on this all important step in the brrrr method.

Has anyone borrowed money from overseas investor/lender backed by insurance bond to secure the loan?

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.