I was asking with the assumption that I can at least manage the property myself, but based on the documentation they provided it seems like not if I don't have a broker license myself... 

Tiertiary markets can get you to 1% rules on paper but then it'll all be based on demand and tenant class.

That said, there are alternative ways to meet the requirements, and with proper planning, you might not need to rely on these specific tests if most or all of the participation comes from you during the first year.

Generally yes a HELOC will go off your personal finances so qualifying is generally based on your income, liabilities, and credit. 

Andy Sirkin, based in San Francisco but supposedly has done some in Las Angeles. 

Investment also spiked in Class A Short-Term Rentals (STR) and investors started paying higher and higher prices based upon anticipated STR rental rates, that exceeded sustainability based upon Long-Term Rental rates (LTR).

Sounds like you are going with a Fannie/Freddie type loan based on the cap of 2%.  

I am local to Los Angeles - based in Orange County.A bit about me: I’m a civil engineer by profession with experience in local government.

Tenants were ecstatic that I have been fixing things that were neglected for years and based on units in Clinton trading for about $200k a door, the property will likely appraise for 750k+ Lessons learned?

Hey Chris,This is the website: https://suncrestcapitalgroup.com/Ive been dealing with Kevin Barrios.They have office based out of Florida.I checked BBB and couldn't find them.