while you will want to get it rented soon, be very wary of people who can move in right away-why can they move in immediately? 

He submitted a hand written counter offer via postal mail.They (Shelley Tice) emailed my coworker back. 

I own to business that produces almost 7 figures in sales so I feel like I got some tools in hand to take this risk

I think I was looking through people's comments about PMs in SW FL.

(options to buy down into the 6s but I don't see many people opting to do that). 

When you do a cash out refinance its cash in hand (liquid reserve) so it can be used as an asset or for PITI reserves on the next purchase.The other downfall is if your credit score should drop for any reason which can happen even my accident or mistake the lender will close or reduce the Heloc credit limit.

We don't have much cash on hand now to invest in another property and it would be a few years before we were able to save enough for a down payment.

It seems like though they are great investments, though there are not too many people who actually dive into a private placement like this. 

Any one meeting people on here and partnering up to make it happen !

There are handful of DSCR lenders (mainly commercial style lenders) that do not report these loans on personal credit.