.- Our combined after-tax income is $170k annually.- We have no outstanding mortgage debt.Recently, we discussed financing options with a banker at PNC and learned that we might qualify for a HELOC up to $480k, albeit with a relatively high minimum interest rate of 9.31%.

What path would you takeGet a job to have consistent income.

@Arshiya TaamiHow long you been collecting a w2 and what are your incomes vs expenses?

Full documentation. 1.Purchase contract, your new fire insurance declarations page, and preliminary title report.  2.Past two years IRS returns 2022 2023 the net income after expenses, with paychecks past 30 days or profit and or loss 2024 year to date3. your bank statements for 2 months showing you have the down payment in your name, 4.

They will look at your debt-to-income, credit, income history, etc. 

I would first try to increase your income/liquidity or bring on other investors who can provide the capital. 

Assess key factors like population growth, low vacancy rates, rental income, job market diversity, and crime rates for a thorough market analysis.

Lending income counts are regular income (fees, interest etc) (most of the time) When I started doing private lending that was a big regret I wish I did sooner

I have owned income property in Texas and Arizona. 

Some helpful info on knowing how DSCR rates and guidelines broadly work: DSCR loans won't use your income to underwrite the loan.