I have personally been considering a HELOC vs a traditional mortgage on a free and clear property.

But will seek a traditional commercial lender.

I did it for a couple of reasons 1) never did a condo 2) different market so I needed an underwriting appropriate for that market and not want to use underwriting from my traditional market.

One of those simple things that I wish I would have thought of.It has to be cheaper than the traditional surface tension guards since its really just a wide nylon sponge stuffed into the gutter.

I personally have belonged to churches that rented space in retail space and other commercial space, as well as traditional buildings.

Now if I go with traditional financing and run my numbers with a 20% down, I don't see making a decent cashflow (should be atleast around $200) per door?

Unfortunately, this has caused some hangups with traditional mortgage lenders since I have been 1099 for right at 1 year now (they seem to want two years). 

You may be forced to use a non-traditional lender (ie: not a major bank).  

From what I have read so far my interest is leading me to wholesaling as I don't have the capitol to go the traditional route. 

I am a 3 weeks out from closing on a residential property with a full basement that I plan to convert to dual living or short term rental. The home is early '60s in construction and has 9x9 tile (looks like Armstrong)...