If the ARV has risen to $260k and you’re renting it out for $2900/month, you can likely qualify for a higher loan amount.Here are some key points to consider:Loan-to-Value (LTV): A typical DSCR refinance will allow you to borrow up to 75-80% of the property’s ARV, so for a $260k property, you might qualify for a loan of $195k to $208k, which could help pull out most or all of your original investment.Debt Service Coverage Ratio (DSCR): Since you're renting for $2900/month, the loan payment will need to be covered comfortably by that rent.

I believe Alexandria city allows it but portions of Fairfax county do not allow it. i would go option 1 personally. 

Yielding 80K a year for allowing me to use their money to fund the deal for 7 years.

This gonna allow me to increase my budget for finding something that it's worth it.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Automates lodging tax returns based on your monthly transaction data Prepares, files, and remits lodging tax based on jurisdiction deadlines — for one location or thousands Allows quick access to your lodging and tax filing payment history

With LLC Owner Match, DealMachine connects people to companies and companies to properties allowing you to find the owner or registered agent for nearly every corporate owned property in the country.

In Chicago you request a CHA Burden sheet and that gross number minus utility allowance will be what you get in addition to making sure bedroom size is adequate.  

Now my investor network as expanded and the best split I have experienced was 65/35 in my favor but I invested 40% of the cash and created over a million in imputed equity before any investor dollar was raised allowing me to originate a bank loan at 87% LTC.

What's the lowest credit score you will allow?