Hey @Dalton Foote - I highly suggest  using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.

We also used PenFed, and they offer a fast HELOC…not sure how long they are now, but the process was smooth.  

I was involved in a bunch of industries—from wellness and gyms to digital marketing and consumer products.

The proformas are utter nonsense because they know the product is no longer a viable investment.

There is more than enough click bait and one sided information out there for confirmation bias. 

As both an investor and a mortgage broker who has personally used both options, I can say there are benefits to each.It ultimately comes down to comparing the two side by side based on your specific situation.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Especially if you're doing enough volume to get good discounts on products.

I'm not an loan officer, but I know some banks locally like ORNL Credit Union have offered a 0% down conventional loan product.

Beyond real estate, I have a background in media production, including event setup, documentary filmmaking, and television production during my time at PBS CET.