In that scenario, it means that even if I would never be delinquent on payments, they would bump my rate to 11.675 to 14.675% if no Hassle-paper is given, apparently.

Would it be wise to use a Heloc for a down payment on my first investment property?

I was originally considering house hacking with a multiplex (and I have over six figures I could put for a down payment) in Philadelphia but it seems that the only places where I could cash flow right now would be in far west philly or in neighborhoods that are boring or not so safe, would be a longer commute to work areas, etc. 

@Brian Howse hey @Ather Taqui, if you do a umbrella policy it will cover liability and medical payments on all of your investment properties.

Unfortunately, this means that I have to let this deal go, but it made me come up with a couple of questions about this situation:Does anyone have experience in partnerships where one partner's only real requirement is to sit on the loan and potentially provide interest payments when needed during the duration of the construction? 

@Samson Oni I accept Check, certified payments, Venmo, CashApp, Zelle, Facebook Pay.

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

As of now, I have saved up enough money for a down payment on a fha loan, and my income is expected to meet the loan qualification criteria soon (with my parent co-signing due to my limited income history).

You can also purchase other properties with 80-85% LTV, thus minimizing your down-payment from the aforementioned 30%.

Financial aide payments are not always the most consistent.