Given the wide spread between your highest and lowest scores, my guess is that utilization is pulling down your lower scores.

while its possible to get a HML from SOME lender most are cognizant of horrid credit and the increased risk and will pass .. some wont pull fico and will go equity based as your stating.. but cost are going to be higher than 9% A LOT higher  Would you mind elaborating on equity based financing?

How is the property actually zoned (before I start pulling Pasco records).

3) If the STR income isn't covering the mortgage & HOA, how is pulling more money out, thus increasing your expenses, going to help?

I’ve heard of a few people doing something similar, but not many pulling it off consistently.

Hello, what made you pull the trigger on this house to become your first deal?

"you can certainly pull some legitimate data from it."

Most will cash-out refi to 75% of the new value once the project is done using DSCR lending and often can pull out their initial investment as well. 

It works great if you're planning to BRRRR or refinance once the value is forced.That said, if you're looking for long term financing with a fixed rate and want to lock in terms upfront, a traditional mortgage with 20% down could make sense too — especially if you're not planning to pull out the equity again soon.I’m an investor & mortgage broker in Florida and help investors structure creative financing options all the time.

Always, always pull the rent roll and DHCR records, and try to get a rent history going back at least a decade.It’s definitely not a hands-off market, but with the right property and management, it can still be worth it.