If you create or fund an IUL instead of paying cash you can then get a loan on the IUL.

What other kinds of loans or financing strategies are available that don't involve using too much of your own cash?

I know a lender that does 15% down on investment loans.

You have to dig a little deeper there are questions that need to be addressed and VOE's filled out with specifics in order to use certain incomes and "stipends".Similar to a traveling nurse who get housing, meals, and other income. 

Educate yourself on how to house hack.

My point being, having a reliable team here is a must.Dialing in on what class neighborhood and what kind of property you want is as key as your metrics, especially given that much of our housing stock is ~125 years old --- at least in the city.

@Jesse ValdezI just evicted someone in a house I rent by the room.

If you're confident you can find better cash-flowing deals or scale your portfolio with leverage, it could make more sense to reinvest rather than pay off the loan.

@Brian Rocha It’s clear why most lenders insist on including rehab funds in the loan, and all of our partner banks follow this practice for fix-and-flip loans to minimize risk and meet securitization standards.

Buy a 4-5 bedroom house and rent bedrooms.