If you’re confident in these numbers, it could help mitigate the risk.Exit Strategy: Your plan to refinance after construction is solid, but keep an eye on where interest rates are heading and ensure the cash-out refinance will cover the HELOC without leaving you in a tight spot.It sounds like you're on the right track, but if you're still feeling uncertain, it might be worth consulting with a local real estate professional or financial advisor who can help you analyze the deal further.

Either way, you are going down the right track.

It might be a good idea to talk to a local expert to make sure you’re on the right track.

where I failed in my business is not having a 1, 5, 10 yr plan and failing to see the assorted train wrecks coming down the track. 

Quote from @Gp G.: I had a roof leak a few weeks back at my property.

Story allows for manual expense tracking towards the bottom of the main dashboard.

Yes, you will want to keep track of your personal Contributions and Distributions and having a personal bank account and business bank account is one way to do this as @Michael Plaks mentioned. 

I insure my rentals with a commercial broker, Mark Roland with Four Square Insurance , that shops many carriers and tracks trends, etc.

Another way she could have phrased things is ‘I realized I had to file bankruptcy, and I caught a huge break because it turned out that all my debt was forgiven, allowing me to begin saving and get on a better track earlier than I anticipated.

I think you are on the right track comparing options - however I would note that there isn't really a differentiation between "DCSR" and "ARM" - there are a lot of 5 Year ARM options for DSCR Loans so theres overlap - maybe you are referring to a true 5-year balloon bank/credit union type loan?