Quote from @Shayan Sameer: I would reach out to a couple lenders see if you can get some competitive rates and also see about the points too that they are charging..

The committees have never said they'll require a specific form of evidence to show that you've rented the place for at least a couple of nights.

We have over 10,000 landlords in Milwaukee and at least a couple thousand active investors at any point in time.6.)

You're going to end up paying a lot more interest on a heloc than a 2nd mortgage, if you intend on holding that debt for more than a couple years. 

A place that is easy (and hopefully) inexpensive for you to travel to a couple times per year to check in on things.  

However, they all require separate applications to even get an estimate.

Thank you Andrew, great examples, I have joined a couple of Fb groups but I think I will look at Meetup also, I appreciate your help

There is a catch - the couple wants to 1031 the funds into their sons next larger project which is TBD.

I will PM you a couple of funds operators that I am aware of who have a good record and have held up to the scrutiny of many investors more experienced than I.There is a good thread on BP that has some tips about checking out a syndicated deal/sponsor.  

If I buy out the first lender, can I foreclose with the total amount due for both loans combined, or will it remain as two separate loans, with only one being foreclosable?