I'd be happy to share with you the CRA info.Edgewater - North of Brickell and Downtown Miami is a large area with lots of newer high-rises and an incredible number of future tear-downs and developments. 

Some lenders will work with any level of investor experience, credit scores as low as 660 and can close in as little as 10 days (there are loan options for 640-660 credit scores- they require 20% down).Another good thing is interest only and 6-24 month loan terms- you can refinance by selling or refinancing to a long term DSCR rental property loan at any time once you complete the rehab. 

I meet the requirements, which are:1) More than 640 credit score. 2) No missed payments 3) No second mortgages 4) did not use a down payment assistance program to buy the home.

I met with a new bookkeeper today and she referred me to the SCORE Mentorship Program.

My idea is to form an LLC with my partner to qualify for a 100k business LOC with our credit scores (both 700+), our DTI ration, as well as my equity.

Drop in again and let us know how you are doing :) This was incredibly encouraging to read.

So going with the idea you aren't going to live in it, at 20% this would mean you could possibly buy a $150,000 rent-ready house if your DTI and credit score are good.  

Just for comparison, I am curious to know the prevailing A-I-O loan interest-rates for a typical borrower with 720+ credit score and respectable LTV.. ?

I'd encourage you to find an investor-friendly agent who has read a lot of inspection reports and knows how to spot issues.Connecting with a local agent who has experience with multifamily investments can be incredibly helpful.

DSCR rates begin at about 6.5% and go all the way up to 9% or so, your rate is determined mostly by your credit score and the Loan to Value.