There are DSCR based seconds available for investment properties, however the rate and fees are high. 

If I could give it to zero ratings I would.

If you don't have the funds the best thing you can do to get started is save up to a point where you have the funds.

I get about an 85% hit rate.

.), income, cashflow, debt, DTI, equity, property appreciation, rent appreciation, mortgage paydown & amortization, rate of net worth growth, cost of living increases, hours worked per week, cash on hand, etc, etc. 

With the current interest rates, I would be -ve cash flow 200 to 300 per month.I am currently based out of Raleigh, NC.Appreciate the help.

Austin Rent rates also down 6% per Yardi-Matrix data, from 1 yr ago.

Initiating a conversation with a seller by presenting an offer under these terms can raise concerns, signaling, "I lack funds and need a favor."

Not looking to refinance due to the great interest rates  4% on 30 year loans but would have not talked to any lenders that will do HELOC's yet.   

Second, the renovation/construction budget is usually structured on a draw schedule, where the funds are held in escrow and released as work is committed.