A simple explanation is DSCR is to finance the property based on the income or projected income of the property and a HELOC is like a credit card that will be given to you base of the equity of the house you are putting as collateral. 2 diffrent products consulting with a good mortgage broker that will provide you the information depending on your needs.

Not many of us are not experts in this to give you professional advice (including myself) so consult an expert. 

I would not poke the bear in general and not buy in HOA but if you are bent on doing it, I would consult a RE attorney that specializes in HOA.  

Looking for consulting for properties in Chicago and Texas

Hi all,I am a consultant to hotel developers, owners, buyers, managers, etc.

There are some people "real estate consultants" who will give you detailed reports: if they think this is better for a flip, rental, what rents you could get, recommended repairs (not as detailed as an inspection report). 

is really good, but make sure you consult with an investor friendly agent, and you could make the better decision with more clarity. shervinrealtor.com

Consult a financial advisor or real estate investment expert for suitable advice.Good luck!

Consult your risk tolerance before making any real estate purchase decisions.

I have a phone consult with a tax attorney cpa tomorrow, hoping to determine capital gains if we sell but wanted to get some thoughts first.