FHA has a program for such circumstances that I believe are 2 years out of bankruptcy, at least that's what it was last time I heard.Both a chapt 7 and a chapt 13 can affect security clearances.Some banks will never lend to you if you file either one.

Birmingham and Huntsville are very strong rental markets that provide good cash flow and appreciation.

and we were able to secure the property for under asking.

There's < 2 months of seasoning for the purchase, cash into the deal is ~$975k w/o rehab (minimal planned so far - turnkey), purchased the property for 35-40% below assessed value, 825+ FICO, and would optimally like to pull out $975K-$1.15M of equity.Main scenarios we've thought of to accomplish this are: 1) structure sale of property from SMLLC to self and secure 30-year new purchase financing on deal (unsure if legal and tax implications if above initial cost basis)2) delayed financing (LTV restrictions a concern)3) cash out refi (seasoning concerns)4) DSCR (seasoning and rate competitiveness concerns)5) one of the above plus a HELOC, personal loan, etc.?

Partnering with Seth Choate provided valuable local insights, making this an attractive and strategic investment for Partner Driven.

Like, one of my colleagues mentioned on the post the insurance component has changed with the limited amount carriers providing coverage in the state. 

Maybe it’s the case that you can dispute the appraisal a bit and find better comps if you truly believed you were shorted on the value and also the rent, but be prepared that by providing other suggestions to an appraiser may not ultimately yield you any success because what’s happening is basically telling appraiser that they are bad at their job.  

Is that something their agent would provide or a risk I have to take? 

Partnering with Seth Choate provided valuable local insights, making this an attractive and strategic investment for Partner Driven.

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