I haven't looked much into the DSCR loan type. 

I'm currently looking into the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) and need some advice on structuring a deal for a house that's in foreclosure.Here's a brief overview of my situation:Property Value: According to Zillow, the house is worth $649,500.Current Loan Amount: $470,000, which is the current market value without any repairs.Funding: I'm looking for a hard money lender to cover 100% of the purchase cost and rehab cost.Tenants: I already have tenants in place.I'm working on getting the exact numbers for the rehab costs, but I would appreciate any advice on how to structure this deal effectively.

You inspect, you may need to negotiate repairs or price changes based on your findings, the bank appraises it to ensure they can underwrite the loan, then you close.If you find yourself anxiously waiting, you can do what the vast majority of investors never do: educate yourself on how to manage a rental.

Investment Info:Single-family residence private money loan investment.

Investment Info:Single-family residence hard money loan investment.

And or course, short term loan for HELOC and then refinance later.

If their $250,000 is used as a down payment, that would mean there is a loan on the property.

I don't know 100% if this is the smartest decision or best decision long term, but that is why I am here trying to learn and understand. 

I would also explore the different rental strategies- long-term, medium-term, short-term, or rent-by-the-room.

I've been educating myself on real estate for the past 3ish weeks or so but I have about 10k worth of credit card debt should I try and pay it all off so I can get my credit score up and have better approval odds for my first investment loan (I would be using my VA loan).