Most primary residence lenders are not going to lend in second position for a purchase.

@Mark Thiel This is not legal advice but I think most LLCs are overrated unless you are required to have them for lending like with many DSCR loans.

However, DSCR Loans are also strictly for business purpose only, so don't work for house hacking (can't live in any of the units) and if refinancing into DSCR, would have to have moved out and well documented a new residence if you go that routeAs an out-of-state investor from California, should I work with lenders in California, lenders in the Midwest where I’m investing, or does it not matter as long as they can lend?

But 1000$ to find a hard money lender, or find a deal you want to lend to seems pricy.

I know this is hindsight but when ever you lend money you should get a Lenders title policy and give escrow instructions to the title company that your loan is to be in first position.

The property is in a B-class neighborhood, and while I’m comfortable managing coliving setups, I’m curious about any potential nuances around refinancing and insurance for this type of property.Are there specific loan types or lending policies I should know when refinancing a rent-by-the-room property?

What limits home-buying beyond inventory, rates, and prices are the lending practices now.

Private money lending bridges the gap between speed and flexibility for investors while offering lenders a secure way to grow their returns.

They will be able to hold it for up to 180 days to give you time to sell your old property.The complications with reverse exchanges and lending is exactly what Bill asked. 

The lending is strict but the terms are great.