If you are getting financing, the mortgage company will need to walk the property for an appraisal.

This would be cheaper and a better interest rate.If you want to talk through specific on the deal I am more than happy to but I think it would be easier by phone as there are always many details to talk through with each property.

Everything is smaller, thinner and cheaper. 

I recently purchased mortgage software and again wanted to streamline the process in selling or pooling the mortgages and attracting my own investors.

We invest in mortgage notes (performing and non performing).

That being said, life happens, and the mortgage police are not going to come looking for you if something unexpected happens and you have to move out of the house before one year.

@Devon ShivesFrom my experience, If you're considering a cash-out refinance, negotiate for a smaller amount to keep the increase in your mortgage payment manageable.

Properties with no mortgage tend to be lawsuit targets. 

Back in 1978 when I was starting my real estate investing career I purchased a SFR for $55,000 (its current value) with $5,000 down and the seller carrying a 30 year mortgage at 5% interest.

I am just worried this might be a mistake as it as a high cash flowing property and my mortgage rate is a low 3.125%.