I will reach out to your contact anyway to learn what I need in order to apply for the HELOC.

Neither the FHA nor ADA apply to private residential housing within some parameters.

Your insights were incredibly helpful and have given me a new perspective on the process.I appreciate the time you took to explain your approach, and I’m excited to apply some of your tips to my own investments.Thanks again for being so generous with your knowledge!

Often DSCR lenders do not go through the typical compliance required by respa/TRID due to the loan being business purpose. so, it is 100% buyer beware when working with those lenders as the timelines required by TRID of any change in costs or loan amount so not apply. 

Here's a few things I learned from MFIN that I think apply to the greater BP community• Multi-family and large investors are in the SAME BOAT that we are in as small-time investors.

Yes most definitely, however each person are able to acheive 10 maximum conventional loans, so if each properties are applied jointly, then you both would only have 10 active loans/properties instead of 20 loans (10 from each person) So you would want to strategize accordingly and see how you can acheive your maximum potentials and have multiple properties with your partner.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Also, do I need to apply for an inactive license before I apply anywhere? 

My goal is to submit a couple of landlord applications by the end of this weekend however I want to be sure I'm applying to the right states.

Don't rush, think it through and make calculated decisions with applied faith!