You’re experienced so you should know that motivation exists on a spectrum.

Given the costs and the age of the existing unit, would you recommend servicing it or going for a new installation?

There’s an entire “industry” consisting of gurus, attorneys and title companies that provide services and advice for transacting real estate without paying off the existing lien(s).  

We currently have a LLC that owns our existing rental property and we run the short term rental activities through this LLC with its own separate bank account.  

Similarly for the master bathroom, I want to only replace the existing vanity with a new one, keeping the current light yellow tiles.

Another issue is the gas station includes a liquor store so opening a new company to buy out business would mean losing the age of liquor license which may be beneficial in the future if they pass a law on permitting more liquor licenses to existing holders. 

Nearly a year ago I bought an existing two-bed, one-bath 1,440 sq ft ranch with a two-car garage on 1.4 acres that had fallen into disrepair.

Every marketing channel works (SEO targeting duplex sellers,  PPC,  cold call center, direct mail), and thats why they exist. 

You will need to supply more detail to your request to figure out which lender might be best for your project.Thanks Steve, Preferably a bank with checking, that will finance multifamily for my LLC, based on the asset and its existing and potential returns not necessarily my credit or income. 

I also make extra payments on existing mortgages.