Hello Faiz,If the property is paid off and it is rented out, I might recommend a DSCR loan as it is based off of the asset itself and most DSCR lenders do not need W2/Tax Returns.

We already know that hard money lenders make roughly 10-12% in holding costs and all of that.

Most lenders may not give a HELOC because you are near 90% LTV. 

I will DM you in case you end up seriously looking in Ohio and will be in need of connections to Property Management, Realtors, Lenders and potentially others.

I wonder if these are like pay day loans super high interest.. does anyone know what the interest rate is.. that could be the play.. be the lender on these deals :)

Connect with a lender to see what you qualify for and how you can improve that situation7.

Utilize a mortgage calculator to calculate the payments, take into account your schedule, and speak with a Columbus local lender.

They should be able to refer you a lender that can walk you through ways to limit your cash to close.For your specific questions, an FHA loan is probably going to be your best bet.

These are the lowest rates. 4-8 can be DSCR, bank statement or asset depletion Non QM loan8-20 difficult to place as commercial lenders have minimum loan amounts and costs jump with commercial appraisals starting at $4000 but 8-500+ is commercial loan.

I recommend that you tune in to the BiggerPockets Podcast for starters and connect with the local lenders and brokers.