Quote from @Matt Wan: I want to buy an investment property in the United States.

The whole house needs to be remodeled due to lots of wear and tear and being outdatedI am planning to use a HELOC on my current property for mostly all the repairs.

I would say if those are the true numbers, the place would have sold instantly already.Purchase of $179k and rehab of $150k to get a value of $735k is almost unheard of.Main red flag is that something else major is wrong with the property.  

Since you have more time than capital right now, consider side hustles like Airbnb co-hosting, property management for other investors, or even leveraging your nursing background to consult for mid-term rental owners.

Spoke with multiple credit unions and they mentioned a rental property needs to show at least two years of rental income in order for that income to be counted into the DTI ratio. 

Raise the $600K, do the pre-development work, then “sell” the property to NewCo.  

The property's expansive lot further heightens its appeal.How did you find this deal and how did you negotiate it?

We are a boutique firm in Chattanooga and every agent in our firm is personally involved in either real estate development, owns investment properties or flips homes. 

I would much rather add a property to my portfolio..

.: Quote from @Jose Alonsoo: Good after noon real state family.I have an opportunity to but a sub to property right now.