Quote from @Brandon Croucier: That’s a killer loan if they are actually offering that.Seems extremely below market value as even primary mortgages are higher than this right now.I would beware of a bait & switch on this. 

If you find an actual property that looks like a homerun and would warrant a HELOC, then you can go for it without reservation.

I reached out to only 3 two got back and 1 I was actually able to have a conversation with.

The BP function allowing you to check references and actually talk to real clients of those QIs is a great advantage.

You should reach out to @Melissa Haworth she can get the actual numbers/rents on STRs in the area to help run your comps.Each building is different, each area is different, it is important to find accurate data to make good decisions.

I've actually started looking into that today, thank you.

So, I would try to gauge the perception because that is mostly actually affects you.

Those that are actually good, get called upon/mailed/emailed an obscene amount by other investors.

And plenty of people wholesale mls all the time and get deals it's actually quite common.

I've heard of some of these, but not all of them and there are many options out there that it is helpful to hear from someone who has actually used them.