Being in a similar situation, Im currently trying to find a lender who will give me a heloc on a rental property.

If your credit is stellar and you have some cash reserves, you may be able to start with a hard money lender (HML), but they will likely only finance 80%.

.- Property now rented for $1000 per mth- Current Value Estimates: Redfin - $114K, Trulia - $113K, Zillow: $113K; still doing research on comps because the area is hit and miss so last I saw was a projected $100K***************************************************************************************************************************- Navy Federal Credit Union say they can do 65% of original purchase price in cash out refinance - $34K- Hard-money lender offered $30K at 9.9% for 6 months as rehab loan, which I'd use to replace roof, windows, doors, and cutdown at few trees;  then cashout refi for 50% of the appraised value between 6 and 9 % depending on personal credit.

Talk to a local lender to see if you could get financing for it as part of the business3.

Replace broken window glass last Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

For primary residences, lenders typically don't require PITI (Principal, Interest, Taxes, and Insurance) reserves beyond the down payment and closing costs.

Are lenders going to care about amount of experience with this type of deal in terms of preparing a fleshed out model, or is it similar to retail in the sense that much of the process is managed?

Additionally, the application and approval process for USDA multifamily loans can be complex, so it's advisable to work with a qualified lender experienced in USDA loans and the multifamily housing sector.To determine if a specific multifamily property is eligible for a USDA loan, it's recommended to consult with a USDA-approved lender or reach out to the USDA Rural Development Office in your area.

Due on Sale gives the lender the option, but not the obligation, to call the loan due.

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