Hi Vincent, There are lenders that offer a DSCR product for an applicant that hasnt owned any real estate.How is your credit?

And any new builds are pricey, competitive, and or teardowns at this point. 30-45min from downtown it gets affordable and there are a lot of new builds like Wendell, Wake Forest, Youngsville, Fuquay Varina, those kind of suburbs.

I agree with this high level (Private Money = Individual, Hard Money = Company Non-Turnkey Product).I've been begging (mostly to no avail) for better clarity and definitions here for these to avoid confusion - BiggerPockets IMO has a HUGE opportunity to set and create the "gold standard" universal definitions of loan types with just a little initiative. 

Traditional banks tend to not have this product.

Investors love Milwaukee because of its affordability, strong rental market, and economic growth.

Anyone have any products that wlll refi these smaller loans?

This includes, for example, public housing or other affordable housing.

I’m currently paying 250-500 a month because that’s what I can afford right now.

There probably won’t be an affordable way to refinance them for the repairs, if there is it will be expensive. 

The 1980s (which was a long time ago) may have had higher interest even compared to today’s rates and been less affordable.