Im guessing you had to offer no collateral, correct?

Essentially no income details are required and the loan is based off of the collateral of the property and income, calculated using the active rents, appraisal rent schedule or even STR income or projected income.

You would have to find a lender that allows cross collateralization of the properties on DSCR loans and you would have to do a few at a time. 

Theoretically, we can then attach the funds to a new property or a temporary escrow account through an already agreed upon "substitution of collateral."

Is there a way to start your real estate portfolio or a business without having collateral or mixing personal finance’s?

Once fully satisfied, the split becomes 50/50.When accessing this deal, here’s what went through my mind:A PMP would have to be okay with holding their funds long-termThe borrower would need to be experienced with doing wraps, as it takes time to get willing and able buyerThe borrower would need experience in pivoting to a different exit strategy should they fail to successfully execute a wrapWith NO EQUITY on the property originally, and the PMP being in second position, the borrower would likely need to cross-collateralize if the PMP has NO INTEREST in taking over the propertyMy conclusion, from looking at this from a thoroughly analytical standpoint, would be only someone who has a moderate to high risk tolerance and cares about cash flow without pulling out and parking their money into numerous deals would likely lend on this.Anyways, thoughts anyone?

I recommend finding a solid financial advisor to manage your cash when it’s not tied up with real estate and talking to your lender about using that account as collateral in a short term loan.

You will only be able to use the collateral in this SBA project on another SBA project though.  

Is the HELOC against the property, the property and the doublewide or is it cross-collateralized?

In at $71k in 2012, did $7k in reno (mostly materials), now worth $145k with a low lien balance...been rented for years at $1,200/mo....I used the property/equity as collateral to do several flips and a new construction project over the years...then moved to multifamily buy and hold....and on and on...Everything is a struggle when you first get going...you don't know what you don't know...I didn't know what at title company was when I started!