I would not be able to afford an FHA loan on such property in the Bronx.

The better the credit the higher the loan to value would strengthen the deal. 

I feel like renting out multifamily is what I may be looking for with this, if done right can give me cash flow, I can hire a property manager at some point and I am friends with a lot of home improvement companies, and I could either use some money I have saved up to put a down payment or home equity loan for some % I am comfortable with and pay both off as fast as I can and repeat.

If I'm understanding you correctly, you wanted a loan for 100% LTV at $625k with a 25yr amortization and a $2,500/month payment?

I have a feeling, and I could be wrong, that Loan Originators have a good sense of whether you'll be approved for a mortgage loan or refinance.

Otherwise you could finance by credit card, bridge loan (use this property as a collateral) or HELOC.

Hard money loan How did you add value to the deal?

I'm looking to deduct HELOC interest for costs related to making improvements on a primary home that is also used as a rental.

Bob, what type of improvements did you have to make?

When she left a discussion followed and no one could believe she was reporting her landlord who had made so many improvements to her residence.