A HELOC is best used as short term money in the case of a BRRRR or Flip, typically any hold less than 8-12 months is good for a HELOC since as you point out, HELOC rates are variable and are curently the lowest they've been since WW2 and the 1940s.

If you find a good enough deal, you can BRRRR out of it and move on to the next one at a distance wherever you end up. 

Then I used the BRRRR strategy and now I have a long term tenant in there and have loved it ever since!

I want to BRRRR this property but how am I supposed to refi with no income + poor credit.

I did essentially a half BRRRR, finished remodeling the main house and refinanced with a commercial lender 2 months ago that limited me to ~50 LTV.

View reportThe scenario is that we'd use our own cash for initial down payment and some reno... and then refi and hope to pull out equity to repay ourselves and get ready for the next deal. (The reno costs are a very...

I also know how strapped for time they are when it comes to learning new marketing methods, creating content, setting up funnels from top to bottom, etc. 

Make sure that they have a good relationship with companies that will refinance the loan for you if you are using a BRRRR method.

Make sure that they have a good relationship with companies that will refinance the loan for you if you are using a BRRRR method.

Every good flip could be a good BRRRR.