Most of the material used comes from non U.S. friendly countries. 

But they have the affordable priced properties......in comparison to the top non affordable states in the union. its also forcing us local guys out to the Andersons and kokomos too because we cant compete with the large funds bank account.

This should be a non-issue.

There in fact is no law in Texas saying you cannot have a HELOC on a non-owner occupied property.

$300K is a lot of credit card debt and probably didn't happen overnight (unless it is medical bills). 

It's good that you have thought about this, but its really a non-issue. 

As a business owner it's wise to hedge against cash flow and a potential non-paying customer.

Why don't you just non-renew him at the end of the term?

If so you may have some full doc options which have the best rates typically and terms.Like others have mentioned you have DSCR loans too but this only allows you to purchase non owner occupied properties (not primary residence or second home occupancy type properties).

The name is really to emphasize the non-cheerleader aspect.It has to be shocking just for the examples you gave.