They are however good at 20-25% down commercial portfolio loans if you need a creative solution so it depends on what your intended use is, your preference is, are you trying to get maximum leverage aka lowest down payment or is rate or cost your main preference? 

DSCR is 30 years fixed rate.

We had Covid, high interest rates, inflation, bad politics...  

You can get up to 75% of the ARV on a cash-out, with rates starting at 5.875% APR and a 680 minimum credit score.

Working with local credit union to refinance at lower than market rates

Its becomes a lifestyle.You REALLY need to be into that "lifestyle" since I believe your rate is higher. 

You will have to furnish and make sure to check the rates you can get for MT and STR in your market.

I think due to the rapid expansion during the pandemic that caused housing prices to skyrocket mixed with interest rates, no one is able to successfully do an LTR (unless you BRRRR but even then numbers are tight).

You also want to look at comps, rental rates, and opex to make sure the numbers work.

After the property is renovated you can refinance into a DSCR loan to have a better 30 year fixed rate that you can consider refinancing in the future depending on where rates go.