Some of these builders have a broker's co-op and offer some commission to buyer's agents.

@Anthony MikolichThere are several banks that do HELOCs on Investment Properties.The one that I know is East West Bank: East West BankI understand there are a lot of suggestions to do a refi, but there are two problems with that:1) That's not what the OP asked and 2) There are REAL reasons why to use a HELOC... which is why it's a Loan Product that is available.HELOCs give you another choice to use money temporarily and is better than HARD Money.I will wind up getting huge discounts on properties with an All Cash Offer.The discount I get can be upwards of $100k on a $1.5 Million property.BELIEVE ME.... it is worth it.

However, this was a "no cash-out refi" (as was stated in the OP) and the lender said it was a new guideline.

 The OP statement is fairly well worded as a short distillation. 

@Lamario Hopson did you ever get the link requested from your 11 mon post and are you in a similar situation as the OP?

Now, if the OP wants to let them out sure, do that, its fine, just remember that leases are there for a reason and you WILL have costs associated with this renter deciding unilaterally to just ignore the written lease.

I dont get this thread, the OP was asking for info about a market, and it seems people are using it as a sounding board against Airbnb.

I'm trying to learn how to buy affordable Co-ops in NY Tri State Area!

We don’t know what state the OP is in..  

I'm an agent so I can sell it with just a 2.5% co-op fee to the buyer's agent.Check this out:Obviously I hope to clear more than  $5,200 but these number are conservative and worst case scenario I can rent this place for a nice cash flow if the numbers look bad when I'm done the rehab.