Now I'm renting it out to a family of 3.

I don't tell them what to use.

If you are going to use a HELOC I would do it on a BRRR or something you can refi out of.

Drew,It's great to build new as long as there are comps to support the subject property being built.

It's going to be a hassle for the tenant and more expensive if you try to paint an occupied home. 

We have used these for rentals but it seems that they are not available at the terms we are getting everywhere. 

i assume they mean the 10 loan limit.We see many people who are using DSCR as an avenue for growing. you typically need 25-30% down payment and dscr positive ratios, but the rates are not much higher than traditional loans right now and are a great avenue. the biggest delta is typically you are gonna have to have a 5 year PPP, you can get them with less but the rates will go up.

I've heard from some agents and lenders (obviously they're salespeople who want you to use them or their referrals) that sellers don't like working with Navy FCU.

Has anyone used them and had good/bad experiences?

After knocking out a full rehab for a great old house, I am about to start my first MTR Rental!