However, you can inquire about a non-DSCR or commercial loan with the higher rate, but 50k minimum loan amount.

I would like to tap that but my interest rates are super low (2.8- 4.0%) I have also considered doing a business line of credit.

The costs out way the benefits especially with these higher rates. 

Rates are higher, requirements for down payment are higher.If 50%+ of the sqft of the property is for the apartments then it should be easier to fund. 

Think 10-15% interest rates. 

With the Income Approach, the appraiser is going to evaluate the income and expenses of the property to develop the Net Operating Income, then they'll apply a market Cap Rate to the deal.

Hey @Adriana McLaughlin - This is actually the FIRST TIME I have heard of the term "ALL-IN-ONE-FIRST-LIEN", but after doing a little bit of reading on it I am not sure I still completely understand.Basically, you apply for a HELOC credit payoff your existing mortgage with this variable HELOC and then in theory have some leftover as well...so the advantage is paying off your loan early and getting access to a line of credit, but the disadvantage would be a variable rate mortgage for the reminder due on your orginal first mortgage? 

I thought, who does a 5/1 arm right now, rates are the lowest they have been in years?

Scott Trilling with IU Credit Union is also a great resource and may be able to offer better rates than traditional DSCR lenders, depending on your situation. 

With current prices and interest rates, you're not cash flowing with LTRs.