But I haven't even advertised the rental yet and I have a veteran single father with section 8 benefits that is very interested and will most likely be renting to him.

But I haven't even advertised the rental yet and I have a veteran single father with section 8 benefits that is very interested and will most likely be renting to him.

I have several SFHs, and I am claiming full QBI benefits.

Just to summarize for the benefit of all; On the national scene the following lenders offer something, just not for my purpose:Wells Fargo (They actually will on a case by case basis)TD BankPentagon Federal Credit UnionFirst Republic BankHuntington Bank (in their serviced states)Trustco Bank (in their serviced states)Possibly : America First Credit Union, waiting to hear backAfter that, it gets very local

@Alejandro OrtizOut of state investing has its own risks and benefits but if you set up a good team (property manager, contractors, etc.) you mitigate the risks and reap the rewards.

Anyone have tips on how to put together some sort of packet to bring to him so that he knows this is a legit option and to help him see the benefits of this?

The AZREIA meetings are open to the public, but are a member benefit to being an annual member of AZREIA. 

For example, depending on your situation, you may not even benefit from various creative strategies.

I can't get the idea - how can we benefit from the fact that there are no more constructions in the city, if it is already oversaturated with supply?

Hopefully I can help a little.So, the way we think about your question is treating your HELOC payment more as a 'holding cost' that counts against your rehab budget, as more than likely, your HELOC balance should be re-payed back down to zero, once you achieve the rehab and cash out refinance / convert the stuff to the long term fixed rate financing.Part of the benefit of thinking of it this way, is that the HELOC payment is temporary while you use that revolving line of credit.