Her credit was in the low 500 but this is one area I am willing to be flexible as I do not like to compromise on income/rental history/no pet. 

there is no income no doc financing for fix and flips providing 100% of construction welcoming first time investors

And that’s too bad, because the concept can lend “clarity of purpose” for many investors.Often, we in the real estate arena, get caught up in our real estate “business”, with an emphasis on “cash flow” or “spendable” income, the professional investors equivalent to salary for the wage earner  and met income to the small business owner.  

There are amazing no income no doc programs and for first time investors available . 50% of the land and 100% of construction . what are you looking to build ? 

I didn’t have to put the 25% down since bought it as an investment property but  with that, to have around 100k in equity and I’m trying to figure out the next steps,  Is there any way around having to wait the 6months to do a heloc or cash out, and when I do to actually do it is there any way for banks to not look at income as a factor if wether or not I am approved?  

I now make more than double the income from that time but am unable to afford a house smaller in size at a 7% interest rate (what I can actually afford, not what the bank says).

there are options for no income no doc loans available covering 100% of the construction and welcomes first time investors .

My wife and I currently have about $120k in W2 income and I plan on keeping my W2 job until I can no longer justify it.

Ultimately I would like to invest in more rental properties for "passive income" 

many licensed institutions offer the same exact product and better terms most of the time then private money still being no income no doc and welcoming first time investors .