Do the homework on a DSCR option as part of your original analysis.Thats the other thing--yes you may carry more in costs, but your risk profile on an A class hood is much lower. 

Living in a camper van for 3 years while working remotely is impressive — that kind of adaptability definitely carries over to real estate.

On commercial projects it’s all over the map depending on the client and/or project specifics but typically we carry all of those costs until we’re 30 days into the project and invoice for work completed to date.

DSCR loans carry Prepayment Penalties, so unless you are comfortable staying in a 9%+ rate for 5 years, I would suggest just going with a normal 20% down DSCR. 

A cash-out refinance can provide liquidity while keeping the property, though it carries risks.

.- You close on December 10th- The property is in great shape and does not need any significant repairs- It only needs some paint touch-up and changing a couple of broken fixtures, which you do yourself- You spend the next week buying furniture, electronics and supplies and installing/arranging everything yourself- You also roll up your sleeves and scrub the toilets and sinks and appliances- You put it on AirBnB/VRBO and have your first guest renting it for the 3 days of Christmas- You second guest rents it for the following weekend and leaves before NYE- You personally clean and restock the place between these two guestsCongrats!

Once the building is sold it generates a Section 1231 Gain and that can be offset by release of the passive losses from the syndicate that have been carried forward.

The under writing doesn't carry for a 1.25 DSCR which (at the moment) is the golden rule for banks and commercial hard money lenders. 

I'm not terrible afraid of being 100% leveraged but carrying the total DS on the HELOC and mortgage is making it tough.

So how many times did you have a Due on Sale Clause enforce good question when my dad started this in the late 70s and I was a new agent working with him. it was all owner carry notes  very few banks notes.. as such we never had ONE called that I can remember.