I recently hit a buffet far away from our normal one down the street, and there were two guys in T-shirts and jeans in there talking at the top of their voices about how they were "$125K into this deal" and were working on "getting $50K out of this flip."

Now, not so much unless you are buying at deep discount and are getting materials and labor much cheaper than normal.

It wouldn't make sense that you lose rights that you would normally have managing a property yourself, just because you hired a property manager. 

Meanwhile the alternative lenders and even banks who do finance mix-use real estate normally require lower leverage than single family or multi-family real estate.

We would use it 1 week a year (like we do now) so the 3K we'd normally pay would be used by the condo and the occasional get away during off-season.

I'm not saying I would do this, and I haven't done the math yet, though I think I could get a normal policy with hurricane/wind as well as the prosper policy for less than it would cost to add wind/hurricane to the prosper policy.

Having to go back and forth to the property 5 or 6 times for things that could have been handled at the same time is rather annoying and that's not counting the fact the realtors have other appointments to get too or could have worked on other deals while the lender did what they were normally supposed to do etc.In my case I had an ideal deal that fit even their own requirement's, hence why I wanted to go with it.

Normally I could just wait, but during my approval for the offer, I had to lock my rates at 6.25% FHA and the rate lock period was over around the 16 of July.

In addition, this owner occupant buyer normally requires the maximum seller concession credits just to qualify.

Rates are hight right now and if your primary residents has a great rate the HELOC normally is the smarter play as long as your have repayment plan that allows you to risen and repeat.