This would be a better approach, I think, since FHA has PMI (MIP) but also since it's harder to get sellers to accept FHA right now.

Our home is accessible to major freeways, and shopping, and about 15 minutes to the DFW International Airport.Major employers nearby: Sabre, Charles Schwab, Deloitte University, Fidelity Investments, Travelocity, Amazon, and Wells Fargo.For the active lifestyle, within a couple of miles, is a tennis center, pickleball complex, baseball fields, a community swimming pool, walking trails, and a community fitness center.CRIME RATES:It is considered one of the safer cities in the nation where crime rates are well below Texas and National averages.LEASE DURATION:The residence is offered for short-term leasing with a minimum rental period of 30 days.MISCELLANEOUS:We offer initial sets of bed linens, towels, and essential bath items.

Considering refinancing if rates become more attractive or I need the cash out for something.

80% LTV, 10 year fixed rate at 4.25%, 25 year AM with a local CU.

If not, sadly, the allure of low rates and no points is taken off the borrower's table, but so are the licensed LO's that have little to no experience in DSCR.

If timeframe is a concern we do have a 14 day close option, it is more expensive in rate & fee but sometimes it's needed!

Hi Joseph,As others have mentioned, given the high interest rate on the HELOC, it would be a risky play to use the HELOC as a down payment as you'd need a way to pay this back.

IMHO: anyone hoping for a price correction better hope…There aren’t 1,000’s of other people waiting for the crash to either beat them to the deal or bid the price up  Current owners don’t hear that rates will drop this year, maybe in a few months. 

I think at the end of 5 years interest rates will be over 10% from today. 

The part about the LLC that I find a little difficult is financing - I think the lowest rates on residential are available to individuals.