An FHA loan or conventional would be a good loan product and can use the existing rents to help qualify. 

Johnson City's growing market further enhanced its appeal.

Galt's growing market further enhanced its appeal.

Not the best products, but PNC and Citi both have a HELOC you could check there.

Memphis's growing market further enhanced its appeal.

ATR rules do NOT apply to investment properties so products like DSCR loans and often hard money loans do not look at the borrowers income.

There is NO getting around the fact that you own the property/business other then a TRUE no-recourse loan (which will not be an option for small mom and pop investors) and no if the loan is on your credit report has no effect either as credit report is NOT the only source.The premise of DSCR loans is for borrowers who cannot qualify for full doc loans for one reason or another, but it seems the real premise of DSCR loans is because of the commercial purpose designation is that a lot of states do not require licensing of any type to sell these products.

I haven't used any of their products, but Blueprint has worked with me and my business partner to strategize on a project I'm working towards now with a new build in Galena, IL.

You have good advice above in that you aren't doing a teardown as a new investor; to even think it's possible is absolutely silly and a product of forums vs. real life.What's your why?

If your floor is not level, you may need to prep it with a self leveler product, which can be expensive.