Ensure this notice complies with local laws and regulations.Seek Legal Advice:If the situation does not improve, consult with a real estate attorney who specializes in landlord-tenant law.

I reached out to over 15 local banks and I would say 3 are willing to do a HELOC loan.

Then we will continue to close the $5M SBA loan showing them that we have that gap... and proof of funds at that time

If you're considering a DSCR loan, most lenders won't assess the property's value using a cap rate.

This is because of less vacancy/turnover, rents increased much faster, less tenant damage, less maintenance and repair costs, and most important of all MUCH higher appreciation due to being in more desirable areas that actually improved instead of staying stagnant like many S8 areas. 

The tax increase was 14.75%The 2023 tax without the special assessment was $4,054.04The 2024 tax without the special assessment was $4,274.83Here's the breakdown from the County's website:Values established by the assessor as of January 2, 2023Estimated market value:$334,000Taxable market value:$326,820Total improvement amount: Total net tax:$4,274.83 Total special assessments:$8,137.29Special assessment details:010272316GST IMPRV RESURFACING$247.350109602023VACANT BUILDING REG$7,703.710125121T052021 TREE REMOVAL-5$186.23

I am not sure how to make the initial purchase...If I use a private loan? 

Hi Kiley, the first thing you need to do is ensure you are paying taxes on your rental income - you’ll need 2 years if you want a conventional loan.

My main dilemma is on financing my first investment property, as I do not have the funding to pay 20-25% down on a loan for investment.

Unless you are an experienced builder, securing a bank loan can be difficult, and hard money loans often have high interest rates, which can become costly if your project faces delays.