Condo Heloc could be difficult with recently being listed for sale..check in with @Joseph Chiofalo he's a South FLA based lender and they have DSCR and alternative income bank statement second position programs..they also do mixed use and 5+ units commercial lending. 

I’m also wondering if it’s a function of business structure.

Hi everyone. I'm hoping you can help me find some good DSCR lenders and give me an idea of the going rates? I was quoted 9.75% for a DSCR on a rental property recently. Is that average? High? Low?! As I am shopping, w...

Secure the unit for the dog and your tenants safety - meaning all doors and windows should be functional.

If the equity is sufficient for the down payment and qualifying for the new property there are some excellent HELOC or even fixed rate second mortgage programs available.

But its seems like these products are imaginary programs that people have heard of but nobody has actually done one. 

@Justina Sirohman no one has created a reliable software program to do this yet - at least not one that is affordable for DIYs.So, knowledge, or access to it, is power for this topic.You'll either have to pay a contractor for bids, and/or learn how to price things yourself.

I guess I both programs have great features, just not the same features.  

I'm potentially looking to purchase a small rental building which falls under the NYC rent stabilized program.

Quote from @Gabriel Ortega: looking at 75-80% ltv for a heloc, yes all rental income are in schedule e  Hey Gabriel, If you are only a W2 earner the bank statement program will not work out, since you must be self-employed to qualify.