Terms are 9.5% fixed 10 year, Interst only with 20 year ARM.  

@Brett Deas  They are not forced to fill in facility and sometimes location is where they are not where they are going.

I could arm/disarm through my phone.

That might also change what strategy you use seeing as you might be able to find some ways to use less up front cash to get a property by using the BRRRR method or finding something you can force appreciation with.

The mortgage from the cash out is the Lien and can be set up in an LLC or vested in your name.DSCR is great and offers 30 year fixed, 5/6 ARM even a 40 Year I/O Interest Only fixed for the first ten (10) years.Much better than having a smaller Heloc $20K+ which will have a higher rate and a shorter amortization.

We manage in the Chicago suburbs and do a lot of work force housing.

Just content to sit on the sidelines and not "force" a deal by being too optimistic when you run your numbers.  

Hi Drew, I look usually for C-class areas, like Bagley/University District, and Marygrove/Fitzgerald.What do you think about these?

It can also work if you're planning to do an option, assignment, or double closing, because you're not taking on the risk of holding the property for an extended period, but if things continue slowing down (thank you, high interest rates), you'll want to be very careful about how much you're offering, especially if you stick to the straight flipping model, where you take title to the property and don't make any improvements to force appreciation.

We have a unique customizable fund platform that allows you to raise money one deal at a time instead of a blind pool fund that forces your investors to invest in each deal.