@Tierra CarpenterTo leverage your $20k, improve your credit score and explore creative ways to leverage it.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Credit Score:For 10% down, lenders usually expect a credit score of at least 720 or higher.

before you go searching for higher priced HML.. check with a local credit union or COMMUNITY bank..

there are national lenders everyone's heard of (Chase, BoA, etc.) and local lenders (regional, local, credit unions, etc.)call a bunch of both. 

This means it won’t affect your credit score or show up when you apply for personal credit in the future.Flexible Terms for Investors: Since DSCR loans are designed for investors, they tend to be more flexible in terms of documentation and loan structure, making them a smoother process compared to traditional loans.This option sounds like it could meet your goals for separating business from personal while unlocking equity in your property.

Even if zelle is available through a bank or credit union does not mean they will offer it for business accounts. 

@Tanner Johnson Go and talk to the local credit unions and banks in the town or the neighboring town.

After the walk-through, they will see if the tenant has interest in renting, and if yes, they would sent them the questionnaire so they, and I quote, "save the tenant the $60 for application fee", in which within the questions it would be things such as, if they have pets, yearly income, cosigners, if credit score is above a certain number, etc.

If you plan to stay in this home for another year, you can do up to 100% Heloc with several credit unions.