This long vacancy period can result in significant loss of income and added holding costs.

Very informative, short period of time.

I make my regular interest-only payments for the first 7 or 8 months, and my interest-only period lasts 5 years.

Do most people get the property under contract in a single-member LLC and then assign the contract to the syndication LLC during the DD period? 

Unlike conventional loans that typically require a 12 month seasoning period, DSCR loans have no such requirement, making it much easier for investors to scale their portfolios.I’ve included an article below that outlines how DSCR loans can be utilized in BRRRR strategies.Also, I noticed you’re based in Florida, I’m in Tampa.

Plus, there was lots of damage in a short period of time from those instances.That's okay because I have great support from my property management company, PPMG.

Not to mention it will create generational wealth for your family if you keep scaling up with leverage over a 10 year period or so.

They did reach out and wanted a second builders deposit 3 days before xmas, 2023,  and that was the first real contact I had with them over that year long time period. 

With the HELOC and then converting it to a term loan you will probably be paying higher interest and/or shorter amortization period on conversion which will mean higher monthly payments.

The down payment might be a little higher, but it will be a much longer-term loan that you won't have to worry about coming up with big payment in month 24 and it'll be amortized over a much longer time period (probably 25-30 years), so the monthly payment could actually be lower.