Also, if it is a Conventional and FHA, you cannot own the property in an LLC so this will most definitely happen4.

Let me know and I can send some exclusive inventory your way that consists of new builds and completely rehabbed homes.

You said you could go the conventional route and try to get the maximum a bank will let you get on a cash out, however there's different stipulations with a bank cash out refi than a HML. 

Just google Ohio Real Estate Convention and you should find it somewhere. 2) Some individuals are interested in passive real estate investing, but have little liquid cash, but significant savings in IRA and 401k accounts and are looking to diversify beyond just stocks, mutual funds, and other public market assets. 3) Always important to work with an attorney, title company, and or closing attorney as you work with a private lender.

Conventional loan with a down payment from my individual income.

If I go the conventional route ,at the pace of my savings, I would be able to afford a property in that price range a little over a year later.

I have tried going through the conventional route of HELOC and Home Equity Loan for my primary residence.

With low inventory, this is a more efficient approach than targeting specific areas, IMHO! 

We are buying everything we can there, (certain parts) but there is no inventory, for a reason. 

However, holding costs would be about $2600/month, and rental income would only be around $2300/month, leaving us with a small monthly deficit until we could get an FHA/Conventional loan as my DTI is too high to qualify for FHA or conventional loans until my income average increases in April.