As Indy continues to grow the inventory for older builds is still high and the cost of entry and relatively low.

I've come across a few builders in the Phoenix area who are still offering 2-1 buy-downs because they are sitting on inventory.

There is a home in Tampa I went UC with a wholesaler and told him I was closing it conventionally which they were fine with.Long story short the home is a triplex and zoned as a SFH so the lender will not lend on the property forcing me not to close and the wholesaler took my EM.

The other option could be doing a fix and flip loan, if they have reserve money and then refinance into a DSCR loan, they could be into it for less money than a conventional investment loan or DSCR from the begining. 

DSCR loans are extremely flexible compared to conventional loans.

I wouldn't buy existing. newark is the #1 zip code for new home deliveries under 400k this year in 2023 and is mostly being driven by DR Horton. year of year property appreciation is insane as well more than 10% on the median and average last time I checked the housing stats. if you want to build please reach out. we don't do any brokerage with existing inventory 

However, deals are few and far between here;  prices have not profoundly plummeted, interest rates are still high, and quality inventory is scarce.  

HELOCs for investment properties are 2x higher in rate usually due to the higher risk factors placed oon them by fannie/freddie and a more conventional risk assessment is applied when underwritting them.

For rentals, you’re typically doing long-term conventional type financing.

Also, while we can show records of median list price and cost per square foot, those are not necessarily helpful in determining future appreciation because factors such as new home inventory can skew these numbers.