@Paola Astrid, if so be the case, refi to a conventional investment loan. 

Unless it’s specified by your loan type or lender, you don’t have to.

I’m looking for DSCR loans in the 7s or 8s with no balloon payments.

Quote from @Celine Besson: Hi everyone,We recently moved from Memphis, TN, to Montreal, Quebec.Before leaving, we planned to invest in a small house, renovate it, and rent it out (Ultimate goal would be to BRRRR).

Has anyone used bridge loans for this type of strategy or is there any other loans that anyone would recommend other than HELOC?

Buying a new primary residence has nothing to do with the capital gains exclusion.It is when you go to sell the new house down the line you'll run into a problem.

I'm considering using hard money lenders or DSCR loans, but it seems like DSCR would be a bit complex.

That's a house of cards ready to fall down fast. 

Quote from @Jaycee Greene: Assuming you pay asking price, I'd estimate the down payment for something like that using a hard money loan (HML) would be around 40% of the purchase price and your monthly payment would be $2,600 with an interest rate in the low 7% range (probably need a 700+ credit score to get that).

Sitting on 10 acres , build a few more houses