You can pull up to 80% out (depending on credit score).

@Ben Russell - Try the local credit unions like ENT, Bellco, or Canvas

Interest rates for HELOCs vary based on several factors, including your credit score, loan-to-value ratio, and the lender's terms.

Many options only require a soft credit pull, and depending on factors like location, experience, and credit score, lenders can offer leverage of 85-90% of the purchase price plus 100% of the rehab funds.

You can sign up for these on a great website called Meetup.Financial Preparation:Evaluate Your Finances: Understand your current financial situation, including savings, credit score, and any potential sources of funding.Create a Budget: Establish a budget for your first investment.

Historically an excellent place to start your mortgage search for 5-20+ unit properties is a local credit union.

You definitely have some options, if you do a more conventional second you can get very reasonable rates, maybe check in with you current bank or credit union? 

Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of ArizonaMy middle FICO credit score is 759My current DTI debt to income ratio is 30%I have enough down payment, closing costs for the subject property, and enough liquid reserves for all 10 of my apartment buildings totaling 45 units in PHX Metro AZ my mortgage lender quoted me with a rate at 8.125% with me paying 0.156 points totaling $1,920My question is,does this 8.125% interest rate sound reasonable for an owner-occupied fourplex 5% down Fannie Mae conventional loan as of March 27th, 2024, at 1700 hours?

Avoid strong rent-control cities like Oakland, Berkeley, San Leandro, Concord, Fremont, Union City, Martinez, Antioch, and others.  

So to count on scoring one of those in the small window for a 1031 would be tough.Should I just keep the property, do light reno's and increase rent and bank cash flow?