Have not quite decided on a traditional flip or BRRRR strategy and this may end up being dependent on the type of first deal we find and pull the trigger on.

I have three other properties with 50% ownership but because its traditional mortgage, it shows up 100% on mine and my partner's credit. 

What would be the best way about doing it to get the best leverage as I can get a heloc with fixed rate for 1 term and then goes prime+ on 10 year draw and them amortized for 20 years or get a Refi cashout on a 3.75 30 year loan , other thing is that heloc option allows me to pull upto 85% LTV and a Refi cashout will allow me to pull only 75% LTV,  also with these heloc or the Traditional mortgage on my second home where its been over 1 year will the lender offer loan based on the purchase prive or the appraisal value/Comps as One lender stated they go with the lower amount of the purchase versus appraisal

Considering my interest in getting traditional financing on the properties, is it better to have access to a bigger HELOC and more capital up front or keep LTV lower to get better rates and have a better DTI for future refinancing of the investment properties.

If you're planning to use a traditional bank, then you will most likely need to personally guarantee the loan.

Traditional mortgage then after renovating with cash we will refi.

When I moved away from Savannah it was used as a traditional long term rental.

When I moved away from Savannah it was used as a traditional long term rental.

Hello @Christian Salvo, that is what I have seen from most BP forums.

The prelim research I've done indicates that traditional lenders look for about 50% DTI to approve a loan.I have an annual W2 salary from my job, so my monthly income is basically fixed.