As the owner, I don't actually have the option to opt out at anytime during those 4 years but they do a 3 percent increase each year and my mortgage is only $1,800 so I think its a pretty good deal.

Both these properties have mortgages and they both are required to have insurance on them.

Financing options do exist: hard money loans, renovation loans, and some traditional mortgages can be used on distressed properties if criteria are met.

I would suggest you do both of what you suggest - meaning get either a new mortgage (more conservative route) or HELOC on the townhome and use those funds to buy your next investment property.

I renovated the home while 3 of my friends lived with me and paid my mortgage.

When someone wants to send you a referral privately, they are probably sending you a friend that pays them a referral fee.

Also a mortgage lender with United Mortgage Corp.

The outcome was a beautifully furnished home in a prime location with a low mortgage that generates consistent cash flow.

The mortgage payment is $1,000 on each house, so you earn $500 per house or $2,000 monthly.

Private Lender Partnership: Partner with a private lender or investor willing to take a second lien position to get you to 85-90% cash out.