When I was transitioning from a lawyer to an iOS Engineer, I created Learn Swift LA so that I could meet with other people like me that wanted to learn to code.

It depends on if you're planning on doing multiple projects or one at a time.If its multiple you'll need the extra cash for down payments + closing costs + IO reserves.If its cash you can refi with your purchase price and rehab or wait 3+ months to get 70%-75% LTV of the ARV. 

Commercial debt through LLC. 10 year IO option over 30 year amortization schedule to improve cash flows.

If the property is vacant, and in a decent condition, you may be able to get in on an IO loan with a balloon payment on an agreed upon time. 

Longer term leases (10+ years) with a credit tenant will qualify you for non-recourse financing with IO. 

You could put more money down (if this is feasible for you) or maybe go with an I/O (interest only) option to reduce payments and therefore increase the DSCR.If restructuring with current lender is not an option, find out what their minimum DSCR requirement is and if it is 1.25x or something similar you can find another lender with a lower minimum. 

During the I/O period payments were $6,700/month increasing to $10,609/month or $127,314/year.

First Republic - CaliforniaFulton BankGFA Federal Credit Union 10 yr draw, 10 yr repay, MAGranite State CU, NH 90-100%Great Lakes Credit Union Hanscom FCU, FloridaHSBC 70%, for premier clients only Horizon, Kalamazoo MichiganHuntington 75% LTV 5 yr IO product available.

Thanks for the help everyone.Jon @Jon Haney   HELOC's tend to be variable rates with IO payment for a period of time, then adjust with what is left over an amortized period after the IO period. 

I offer a commercial rehab program, but it's not available in NY at this time---general highlights below:Up to 80%+ LTV30 year term, no balloon, no lock-out$350,000 to $3,000,0005, 10, and 30 year fixed rate optionsStated income- no verification of borrower’s incomeOffice, office-warehouse, office condo, retail, mixed-use, multi-familyAvailable in- AL, AR, FL, GA, IN, IO, KY, MI, MS, MO, OH, PA, NC, SC, TN, TX, WVRegards,Scott Miller