I highly recommend listening to the David Greene podcast.

Otherwise, you will need to do a no ratio DSCR loan, which will allow you to purchase or refinance at 75% LTV however the rate will be pretty high. 

That struck me as high for this type of job, does anyone have experience there?

HELOC is not what it used to be because HELOC rates are so high right now.

I always got the impression that he had a bad criminal record or never got his high school diploma/ GED equivalent or some other issue was preventing him from getting a license, because he was basically just brokering without a license but calling it consulting (I don't know any of that to be true for the record, that was just the impression that I got from his comments and might explain why he used a fake name?). 

Thanks All Highly Appreciated 

The median sale price increased month over month breaking the trend of decreasing median sale price the past two months.The rental market continued to moderate in Q3 2024 thanks in part to the increase in units being built. 1,815 units were completed in the year ending with Q3 2024 with 1,447 expected to be completed in the next four quarters.These new units brought online in the past year increased the overall inventory by 3.4%, however by Q3 2025 we anticipate demand to outpace supply by over 550 units.With this increase in units over the past year we have seen the occupancy rate moderate at 95.8%, down from the high of 98.9% in 2022.

With 700+ credit you should be able to get mid to high 6s if you pay a couple points and do a 5 year pre payment penalty.

@Jacob BremerA high ARV rental property can be funded using a HELOC strategy, which can be used for down payment, rehab, or cash.

If you are doing the work and labor it reduces some of the risk but to me we won’t let at that high a ltv