Now I have equity locked in and couldn’t qualify for a heloc due to credit as well.

In some cases, carriers might even offer multi-year rate locks, providing even more stability.The Downsides of Consolidating Your Insurance ProgramReduced Competitive PressureHaving multiple carriers compete for your business can help keep premiums in check.

Over the past 3-4 years, most DSCR lenders have restructured the prepayment penalties to be triggered even with additional payments to principal. 

But, unless you’ve got a unique situation or tremendous wealth, like enough to trigger an inheritance tax, it MAY fit your needs at a very reasonable cost. 

That management company can allow you to lock in a 20% cash on cash return with leverage( example:triple net lease to a company a STVR).

While the financing and small entry price sound great, you are locked into their ecosystem with very little control.

Would read more about DSCR loans however locking in rates for 5 years would make little sense in this economic cycle where yield curve is normalising rather steeply.

That way you're not locked into the deal without getting an estimate and if the rehab budget comes in higher than $65k you can easily walk away- make sure the assignment says EMD is refundable if you do decide to walk.The 70% rule is a great rule of thumb.

Quote from @Marc Lock: How is material participation defined?

@Jon Holdman  my airplane partner has gone and done this in Oregon fully licensed and approved by the CCB  https://www.relevantbuildings.com/   check it out.. his market to start is rural cabins that can be locked and left.. and he has a multi going up in St.