Italy you can get loans for 3 to 4% but the properties have to comply or you have to correct if possible the situation.  

They will also dictate the terms of the loan, how it's filed, qualifications, etc.However, if you mean PML as in your friends/family that have NO experience in real estate and just have money sitting around...then I would certainly to counsel you to lean on some type of mentor or other experienced investor in Houston on what to do. 

Looking for guidance on options. new builds aren't hard to finance and I would argue they are preferred to existing fix and flip loans, especially if you have experience. banks look at your experience, your builder's experience, loan structure, permits, etc you need to get an experienced builder familiar with advanced underwriting and negotiations with local, regional, and national lenders. in columbus we do ground up construction for clients at a 20% discount so they can BRRRR out of the new build with equity and we have pages and pages of data on what we build and why and it's all supported by market statistics. 

Are you aiming to lower your monthly payment, shorten the loan term, or switch from an adjustable rate to a fixed rate?

No, it was secured but apparently he used the same collateral for every loan he took out. 

I paid $600k and got a local bank to loan 75% for 5-years at 3.85%. 

Some condos are non-warrantable meaning you have to use non-government backed loans.

If you decide on DSCR loan I don't think local is as important.

My assumption is that it still will be better to purchase in my name (better loan terms, ability to put 20% or less down, and I'm already pre-approved) and move to an LLC, but this seems like a steep cost of doing business.

But if you’re going into a 7% loan with little cashflow or appreciation potential I would look for a different buy box.