@Jefferson Black- thanks - I am not aware of any lender that  will do a loan on an INV  manuf home property ...you might contact the local small to mid size credit unions and banks in your area ...you also might try the bank that you have  funds deposited at - good luck

.- thanks ...try reaching out to the local small to mid size  credit unions and banks in NJ ...contact the bank you  have your checking / savings with ...contact the lender that services your 1st mortgage for options .....regarding deprication - are you asking about the depriciation on the  primary home ( subject property ) being added in or  for the depriation from another property ?

You are going to have some seasoning on the deal, so I'm not sure 6-9 months will give you enough time to stabilize the asset and have several months of financials.I would shop the deal with credit unions and community banks.Sounds like a great deal.

Hello BP Community, Does anyone have any suggestions for local community banks or credit unions in the Indianapolis area, or Indiana in general, for pulling a HELOC on an investment property? 

Some military credit unions offer business loans and mortgages for buying properties. 

That will help you remove what’s left on credit and make room to use portfolio/standard or DSCR.When you are not using a local bank or credit union you are going to have to pay the typical origination fee's or points.

I don't like the credit unions for the most part any more. 

Then, started a family and became a union carpenter.

Now the Panama Canal drought is not allowing as many shipments to come thru to the East cost.Steel prices are not dropping like the oil and lumber in previous charts due to both transportation issues, China taking longer to open up after Covid and Port Unions on strike or slow downs.There is pent up demand for steel thus it will not drop as fast.  

Personally, I like to seek debt from small local credit union and banks, aka portfolio lenders.