Tried to go the traditional HELOC route and after almost 2 months of providing paperwork the lending scenario changed (due to rising rates) and they backed out. 

The disadvantage is that the indoor units are a bit large but if you place them nicely they'll blend in to any room.Another advantage is the upfront costs are much less than a traditional AC system.

@Adah N. starting at around 10% on investment properties but they fund you the full amount immediately, so it’s not exactly like a traditional HELOC where you use it when you need it.

Funding can definitely be a challenge for first-time flippers, especially when traditional lenders are hesitant to take a chance.

It’s a matter of cash out refi vs. traditional refi. 

However, if you plan to rehab at all, you will then need a licensed contractor to provide bids on each project you plan to rehab.You will then be asked to provide a proof of any funds to close, purchase agreements, and if closing as an LLC - most times documentation on that LLC.Overall, the larger number of units (5+) makes the lending process based more off the property than the borrower, contrary to traditional single family housing.I would recommend you work with a Loan Originator/Broker who will be the medium for you to the lender/s.

With rates as they currently are, I'm looking for every angle to get the lowest rate possible, and from what I understand, credit unions can offer rates slightly lower than traditional banks. 

Most will double charge on all fees for double closings which can make them thousands more than a traditional closing.  

I see them as huge opportunities but not talked about a lot.Well REO's have gone down to to lower foreclosure rates. drawbacks are banks are very low and non responsive, unless its not a traditional bank and a private lender then you could possibly get a better deal.

Task:-Goal: Purchase 5 properties (~10 doors) by end of 2025Action:-My plan is to use traditional financing under my name to access the best rates then transition to using either HELOC/DSCR/Hard Money.