My debt-to-income levels, by conventional banking standards, are good but not great.

If the end product is similar to conventional construction, and is compliant with applicable building codes then I think you're good to go.I think you should also consider where you might start. 

Seems pretty standard, VA isn't as tied to credit scores as conventional would be. 

This is the job that would support a conventional loan.

.- **Financing Options**: Look into FHA loans or conventional loans that allow owner-occupancy.

They can get you access to conventional lending, and loans insuredunder CMHC (regular, as well as MLI select).

I personally would try to get a family member to manage it if that's an option.You can get conventional financing as a business owner if you go with a non-QM or bank statement program.

Conventional financing How did you add value to the deal?

I'm not an attorney, so take my advice with a grain of salt: a broker who works with investors of all walks of life, big and small, I've noticed most form an LLC once they have two properties or more.Many will form one if they just have one, but if you're talking about house hacking, keep in mind, conventional lenders don't allow entity closings and they are the only lenders that'll allow you to live on the property.DSCR/hard money lenders allow you to close in an entity, but you can't live on the property.

Thanks for the insights,@Jordan Ray I'm aiming for properties that need light-medium rehab using conventional financing, although wouldn't I only want to go the HELOC route after I've used up all available cash first?