This year they purchased their 2nd rental and have finished the renovation.You could get into real estate without a coaching program but using one will help you a lot specially if you have no experience.

I would like to re-finance into long term debt once the project is finished using a DSCR type loan.

Homestyle will allow you to finish a “substantially” complete home but that is one that is already 90% complete.  

An example would be adding a suite to an unfinished basement or adding another bedroom to an already finished suite.

After finishing a single family deal, I learned that I now want to work on deals that are more lucrative.

You’re absolutely correct—at REI Nation, we purchase properties in our name, handle complete renovations, and then present them to investors once the work is finished.

My unit has a finished third floor in the attic, however, there is no door to this floor.

I have some experience in rehabbing/flipping. just finished a project.

You should be looking for a light rehab project that you can finish up quick and get some experience under your belt so that you can get better terms for those more aggressive projects.

I would just double-check the finishes of sold comps to make sure they are in line with your property.What is your budget for all that work?