Loan Origination Systems (LOS): What works best for mortgage and private lending?

Build - rent - refinance -repeat. in columbus ohio you are buying old houses that are 1900 or 1920 or 1940 and you are in a sellers market. on the other hand you can source land which is a buyers market and build single family homes or duplex or triplexes that will return by renting and pulling cash out on a DSCR loan and doing it again. there aren't a lot of strategies that do this. flipping is different. so many risks. but when someone has a well oiled machine it's all good and less risk.

Also, have you looked into DSCR loans for the refinacne portion?

I am no longer employed (purely living off of rental income) so DSCR loans would be needed in the future. 

He is looking at a group of investors like myself to bring 25% of the project value and then procure a bank loan for the remaining 75%.

Most DSCR loans allow LLCs to hold title and sign the note.

I assumed you'd use HELOC for down payment + another loan for the rest. that is 100% financed. 

And addressing my item #1 comment, almost always, when a "distressed" homeowner is approached, they initially are grateful to have the loan brought current, but before long they forget the circumstances they were in and you become the bad guy that stole their house.

I ran my own custom proforma for a bank loan using the asking price that would generate a cap rate over 10% and CoC just under 20%.

Hard money is a type of business loan for non-owner occupying investors.