Conventional financing, buying with cash then refinancing after rehab, partnering if needed, heck even using hard money might be preferable here rather than taking on the additional risk of using subto, without much benefit because of that high rate... 

It is always wise to have some additional capital on the sidelines to help advance your projects rather than relying solely on the bank draws but one month is beyond reasonable.

Additionally, for rate-term refinances, many DSCR lenders have no seasoning requirements at all.Easier qualification: DSCR lenders have much lighter qualification requirements than conventional or portfolio lenders, such as no DTI, income verification, or tax return hurdles that can slow down or disqualify loansFlexibility: While conventional and bank lenders are heavily regulated and follow standardized rules, DSCR lenders have much more flexibility and control over their guidelines.

These initiatives make it easier for you to purchase a property with less money down, increasing the viability of house hacking.Strategic Property Selection: Pay attention to assets that offer prospects for value addition and have a high rental potential.

Now my own mortgage is paid, new HELOC and new property mortgage is paid which leaves me no additional cash flow.

These websites specialize in connecting property owners with travel nurses and corporate housing tenants.In addition to online listings, you could also reach out to local hospitals and healthcare facilities to let them know that you have a condo available for medium term rental.

I am planning on turning the house above into 2 rentals now and pulling out the $100k (refi or heloc) to put down in addition to the amount we saved over the year or two on the new house.

If the property contains a residential structure, the former must also pay the value of "preservation improvements" made by the investor, but not additions or upgrades.  

  - Hands off ADU additions are often one of the worse RE investments.  

I lived in neighboring town of Poughkeepsie called Town of Lloyd - Highland, NY 12528 for more than 19 years its a nice and safe neighborhood with good school district, worlds largest walk-way over Hudson river, lots of trails, golf, biking, scenic drives with good hospitals in 5 miles radius namely: Nuvance Health Vassar Brothers Medical Center, MidHudson Regional Hospital, Saint Francis Medical, Health Quest Home Care and others...The latest addition which is getting constructed is The Village in Highland, NY - Assisted living facility.