Also the Adelson family of Las Vegas Sands fame have purchased a couple of big parcels with hopes to build a giant casino/convention resort perhaps anchored by the arena for the Mavericks for which they also just purchased majority ownership from Mark Cuban. 

Since it was going to be my primary home, I used 5% down, conventional financing.How did you add value to the deal?

9) adding multiple ADUs or adding an ADU to a quad looses F/F conventional financing.

This will also allow you to rehab the property at your own pace assuming you buy it using a conventional loan.

Conventional would work too, but you would have to wait at least a year on seasoning, DSCR is only 6 months.

If so, was your new loan conventional? 

Thanks, HELOCs the way you want them probably structured as a DSCR do not really exist to the best of my knowledge, you can do an investment loan heloc for a super high cost, but you will be subject to a traditional conventional underwrite.

Pro: In a conventional banking system, you have to trust people to handle your money properly along the way.

I was pre-approved for a conventional mortgage with a 3 % down payment 2.75 Interest Rate.

Analyze cash flow, potential vacancy rates, and maintenance costs before making a decision.Secure FinancingTake advantage of owner-occupied loans such as FHA, VA, or conventional loans, which often have lower down payment requirements.