They may also require US credit history, although there are a handful that will not require a US credit report for an increased rate/ reduction in LTV. 

Whenever rates fall going to cash out refi again my Roger’s park 4 now getting close to 500k total profit off that one deal now. 

Hey @Vanessa Lule, both @Chris Seveney and @John Underwood make good points and Chris's list is right on the money.So is the $3600 a month market rate?

Prices are a little soft in Memphis at the moment, but I think that will change when interest rates go down some more.

@Tom HallAt 7% if you can I would pay it down as investing it net after tax gains may not get you the 7% you are paying - so it’s less riskDownside is you lose liquidity of that money as it’s tied in your propertyIf rates come down in future you can refinance and even take some of the cash out.Regarding your question are rates coming down, a lot of factors come into play but right now it does not appear there will be significant changes to rates over next 3-6 months.

@Arshiya Taami yes, you could potentially keep the great rate in the #% range that you have and tap in to the equity with a 2nd loan of up to around 80% to use for the down payment funds you are looking for.

We are currently at a 100% IRS audit success rate since we launched the software in 2016. 

Most, if not all screening tools do not include a comprehensive rental screening with a renters prior rental rating like Mayistay. 

You'll have depreciation shielding your passive income, so that's a 35% savings on your marginal income. however if you flip you'll be subject to higher tax rate - so you'll have to figure out what strategy works best for you.

.), and also need to consider the cost of vacancies or bad tenants.I also recommend you charge market rate, for yourself and the tenant.