If so, couldn't you refinance the house you own outright in Indiana to pull that $ out and use that on your flip?

Relying on rental income to pay off the loan can be risky if the market turns or if the property isn't rented as expected.Additional Expenses: Owning a STR involves more than just the mortgage; consider maintenance, repairs, management fees, insurance, and potential periods without rental income.Given your strong credit score and income, you're likely to get favorable terms on a HELOC.

Seasoning is another, but if your doing deferred maintenance it's a must to not get an additional kicker on the rate, but also be able to pull more of the cash out of the deal. 

I am looking for DSCR loan options under 100KI purchase off market properties through a wholeseller and have a property manager that makes it turnkey and knows how to manage Section 8 tenants for a small fee + monthly property management cost.

I read this post by Andrew Postell, so I'm aware of the basic differences re self sufficient/funding fee/MPI/etc -- but I wonder if there is another lens to view these loans through when there's a team of investors considering them.

What I like about the HELOC regardless of whether you use it or not is that it doesn't cost you anything to have(besides a nominal setup fee usually) but then you are able to use it at your discretion.

When tax time rolls around you can simply give your accountant access to your account and s/he can pull all the reports and info needed directly without you having to send anything.

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It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.

In 2020 we did a cash out refinance on the first 2 properties we purchased and pulled out over $250k between those units ....we used the $250k to purchase a triplex in La Mesa Village in the first half of 2021 (we are currently adding an ADU to make it 4 units).