Has anyone closed these new 40 year DSCR cash out loans I see advertised as fixed rate options? 

I have been searching information today regarding security camera policy. 

Also is he referring to consumer debt (credit cards, payday loans etc..).

You will need to refinance with a commercial loan, usually with higher points and more down if you don't have enough equity.The main reason to use a LLC is to protect the asset from lawsuits.

Background context:I have a 805 credit score, low DTI and attempting to secure the lowest cash out refi to pay off a debt ($50k).

I understand the concept of hard money loans, but I'm currently navigating the process of applying for one myself.

You are not taxed when you are taking out a loan. 

When title transfers, the lender has the right to require that the loan be paid off entirely.

I can think of several reasons - but the bottom line is that since a HELOC is going to have a higher, variable interest rate, and a DSCR or conventional loan is going to have a lower, fixed rate... it wouldn't make any sense to have the BRRRR sit on the HELOC. 

Analyze the possibility of property slicing in Nashville, scrutinize neighboring markets, and explore financing alternatives like FHA loans.