Hi I am looking for HELOC on a primary SFH...speaking with some lenders I've run into two issues....(1) some won't give you credit for rental income if you haven't owned the property for two years (show two years of stable rental income) which can skew your DTI unfavorably (2) one lender said they don't give a HELOC if a borrower is carrying more than 6 mortgages.Would anyone have any leads for a potential lender?

From there we identify properties that could have some potential and if you are interesting in diving deeper, 1) we do a thorough video walkthrough to give you a realistic look of the property, 2) we give a ballpark estimate of rehab costs (we do 40 a year with our GCs o we will get pretty close), 3) we talk through market rent with our property management team, ARV, and potential highest and best use.Ideally you find great investor agents who know their market really well and have a network of resources to provide you with enough confidence to take reasonable action. 

MTR is hospitality, and I’d think you’d lose potential guests if they knew they had to set up utilities.

I only qualify for about $500,000 with my W-2 income.Without getting a private investor, is there anyway I can prove previous rental income in order to use the potential rental income to qualify for the loan.

One potential approach could be strategic renovations and a better tenant placement process after the evictions.

Legal Requirements and Loan Documents: Do I need a lawyer when I do an agency loan?

my initial thoughts would be it may be a slight turn off to potential future tenants when the fire alarm goes off.

But consider this: if your time is worth $100/hour and you spend 40 hours a year on tasks you could outsource for $25/hour, you’re effectively losing $3,000 of potential value each year. 

With tariffs, potential trade wars, and all sorts of economic uncertainty I would probably play it safe and just refinance now. 

If you currently rent for $2,500 and take the $1,750; you have additional positive cash flow of $750 for your rent situation.Have you thoroughly looked over the capex potential issues?