Hey @Herrison Sitorus - I've never run into this but commenting so I can keep following this thread. 

Don't want to run into an issue where a tenant keeps destroying units and I'm pouring money into replacing/fixing them, but I think I can get more for rent if they're in place.

You can run your own credit report on one of the big three like TransUnion and bring that to the bank.

Have you run a proforma on this to see what your returns would be?

Im a Marine Corps  veteran.My wife and I have been running our construction/development/investment business since 2018.

I have to expect we're in for a correction sooner or later given how long it's had a bull run (other than covid and the brief really shallow "recession" we had in 2022).But its returns will almost certainly be better than 6.5% over the long haul.

But you have to run the numbers and really see if it makes sense.

Having a conversation up front can help you avoid lost time and money in the long run. 

Just make sure you run your numbers well and that it make sense, not just because it "looks nice", be smart, investing is a marathon, not a sprint!

Also, be aware that if you are thinking of doing a BRRRR that maxing out your HELOC can have a negative impact on your credit score so when you go to do the refi you may potentially run into issues.