Hi John,No cap on the amount of DSCR loans you can get.

The loan is with you, not with your tenant, so none of that means anything to them - in fact because you live in one unit and it's under 4, if you were self-managing you don't even have to abide by fair housing laws (at least on the federal level). 

Quote from @Fernando Martin-Gullans: Hey y’all, I’m a retail investor with 2 SFH rentals worth a combined ~$650k looking to utilize some of my stored equity to buy more out-of-state properties, but I’m not quite sure how best to proceed given that my interest rates are incredibly low (leaning me away from refinancing) and neither property is owner-occupied (which I believe prevents me from using a HELOC).

My mother-in-law is saying that my wife needs to sign off on the loan.

I'm hesitant to give up my conventional loans on the next cash out refinance for DSCR loans.

I get commercial loans from banks. 

Lots of loan options can close in an LLC, helocs usually need to close in your personal name.

has anyone had positive/negative results in dealing with a company called 212 Loans?

@Kayla Elliott  Hi Kayla - this was a commercial mortgage loan with a local bank, that held it "in house" after it was issued. 

The best option would likely be a construction loan, which can cover both the purchase of the land and the build.