It could've easily cash-flowed but the age and condition would have been a PM nightmare. 

The speakerphone thing shouldn't be necessary and it could easily be faked if you're really concerned.It sounds a little shady but might be legit.

The accumulated passive allowed losses is something that we will look into - unfortunately I don't have much faith in the CPA they've been working with but hopefully this will can be determined relatively easily. 

When I did a room addition I purposely added electricity and doors so that the house could easily be split. 

I reached out to AD lending via the phone number listed on their website, and when I received a call back I wad easily offered personal line of credit and fix & flip loan. 

I don't think you need to choose because you can easily pivot from one to the other.

We can easily save up the money needed without eating rice and beans.I am glad we got feedback on what to do here.

IF you surpass the first two hurdles, you're then facing starting HELOC rates that are easily 12%+ Higher than what a traditional DSCR cash out would run you.- HELOAN option - There is a small chance that you can pull out the equity using a DSCR HELOAN but make sure to calculate the blended rate and total payment before moving forward and comparing that to a full new 30-year fixed loan.

you really want to stick to 65% max ARV . 70% is very tight and after closing costs and interest on the way in and costs on the way out there may be nothing left . if something is off during the project could easily go in the minus 

Can easily have a full time job and still own several ltr priperties.