@Cheyenne Bolin You could get a DSR loan that requires 20-25% down, so how much can you access with a HELOC on your primary?

If this was your primary residence, I would highly recommend selling within 3 years of converting to a rental to maintain the section 121 tax free gain on sale of a primary residence (250k exclusion for single and 500k married). 

I am also an investor who plans to add 2 more rentals to my portfolio in 2023, one long distance LTR back in Nebraska and one primary residence house hack (hopefully a duplex) in the Springs!

We wanted a new primary residence, and wanted to find something we could have a rental on the same property to supplement our mortgage payment.

Be careful, since this is only for a Person and their primary residence, transferring to an llc may void this.  

This is a Class C potentially moving up to B area (according to the locals) so as homes are renovated, higher income tenants or primary home owners move in so that was the appreciation part.

Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Was this property your primary residence? 

And you would only qualify for that if your primary job (where you spend the most hours) is in a real estate field, but also it has to be at a business that you own at least 5% of (so W-2 income typically doesn't qualify). 

We usually try to stick to 2 weeks out because it can easily creep into being an STR if you open it wide up and that's not the goal if you have MTR as your primary strategy.