Well technically NO.... the unit meets code for the codes at the time it was built/remodeled etc.

To give everyone just a little background since 2018 I have built a portfolio of 194 rental units.

I could technically get $332K out, so this leaves a little meat on the bone to cover closing costs, potential unexpected rehab issues, etc.

Technically for me, I'm trying to get into real estate investing in order to gain financial freedom and to spend more time with my family and also help take care of my family.

Welcome Rufino,I also come from a healthcare background so it can be done.

Looking for anyone who has recommendations on a GC in this area (New Albany technically)?

I was just trying to ask an engaging question for those who have knowledge and background in both.  

Like I said, we don't know your background or resources.  

I think DSCR Loans are definitely in your future as you continue to grow your portfolio but probably not the best fit here:-Can strictly not use DSCR for any property you live in - would technically be possible if you moved out, leased up the unit you are currently in and provided good documentation that its legit - but this is a firm non-starter for DSCR (absolutely no occupying the property)-DSCR Rates at best are in the sixes on a cash-out refinance - so you would be doubling your interest rate at least on the current property - which could make sense but its a pretty high hurdle.

If you examine all of these questions, which we all read every day, there are a couple of apparent things missing that make them impossible to answer:1. skin in the game2. research done before posting3. why the poster is asking (background)4. camaraderie (just give me what I want, I have nothing to offer)