-With 25% down, a 720 FICO and DSCR of 1.25, these rates are very high.I would highly recommend exploring other options.

For those that are on the fence about investing now, or waiting, or just exploring where investors can pick up some points of leverage, the primary area of focus will be in how the deal is financed.  

Here are a few options you might want to explore:1.

Agreed with above - explore every low cost option to collect, but ultimately, it is the cost of doing business. 

Explore private lenders who specialize in rehab projects.

It’s worth exploring in neighborhoods with strong demand for affordable yet flexible housing options.

It's also worth exploring the cost to separate utilities then see how long it will take to get a return on your investment

Getting very serious about exploring this option here in LA.

It could feel like being stuck in a rat race.A better alternative is to explore books and podcasts from sources like Bigger Pockets.

We can definitely explore options for a mortgage on your $350k property to fund both your current renovation and the purchase of your next investment property.For the new property, we can also consider a separate mortgage to cover its purchase and rehab costs.Regarding the rural location, while it may limit leverage to around 65% of the property's price/value, we can work within these parameters.Given your equity position and experience, I'm confident we can structure a solution that meets your needs.