There is some repeated confusion around this topic because pretty much all of the main servicing companies that service DSCR Loans are prone to mistakes - and sometimes accidentally report it. 

Hey BP Community, I'm wondering if there are advantages/disadvantages from getting a HELOC from a local bank or a mortgage company. 

Multiple, billion dollar companies are investing heavy in our area, such as Intel, Google, and Amazon.

Assuming you are at 80% LTV or lower, you do not need to escrow funds and can pay your own taxes and insurance instead. 

Using other peoples money is a great way to keep you honest on the project as well keep the project out of your pocket.I thought funding my own would give me control but what it really did was hogtie my leverage and made me emotional in my decisions.There may come a time when funding everything makes sense, but even if you do a few flips with HML, you will understand the process, have a foot in the door and be positioned to act on ANY opportunity when it comes along.And having a bunch of your own employees just means that they are looking to you or leaving you if the work slows down. 

You can use the cash value in the policy as a source of funds for financing, and it is an asset and liquid through withdrawals or loan by borrowing against the cash value. 

I'm hoping to do a cash-out refi as soon as possible to take the funds back out.

You can clearly see what company I "work" for as a residential mortgage lender, but they aren't the end-lenders that get all of my business (far from it), and it's not any sort of secret. 

I've got architectural bids from several companies and that is where I felt road-blocked due to lack of info and no experience on how to proceed.

The HELOC for the eventuality that you find problems that are more expensive than you predicted, and use as an emergency fund.