It's also expensive, locks you in, difficult to use, and the support is very poor.

Each lender has their own standards or parameters, such as draw period, FICO required, whether it is interest only or principal and interest, whether you can lock a portion of the HELOC or it is all floating interest rate, etc.

The first 4 had incentives, but when I got back home and ran the numbers through my wholesale channels, I was able to get really close on the rates (they were 6-6.25%, I was 6.25-6.5% on 180 day locks), but I was able to beat them by around $5,000 in cash to close. 

Doing a cash out refi of your DSCR loan to pay back the funds from your HELOC would trigger that penalty. 

I used to do lease options 20 years ago, and it seems like a great way to wrap around without trigger a sale or breaking any terms of common notes.I have a $1.3M property with a 1st of about $850k at 3.25%(or somewhere around there). 

I have had many, many problems with contractors over the years that were 100 percent their fault, but I have also had a quick trigger on contractors, not realizing that none of them work they way I want them to, but it's whether or not they are working better than the person you would have to get to replace them half through the job.

You need someone to setup the wifi password and connect the remote lock.

Most difficult has been the idea that we are founded on the principles of John Locke for a society that is supposed to lead to ownership and liberty. 

(most important) Find local meetups and go to as many as possible and lock that day and time on your schedule.

@Jennifer Wong  I have changed my leases to 11 months to avoid locking them in as permanent tenants after 1 year.