Just because a product is more expensive doesn't necessarily mean it provides greater value.

This is generally going to be a loan product for a long term buy and hold property. 

Elwin, in general, HELOCS are second lien position products.

TLDR; Finding landlords who are interested in arbitrage is a by-product of targeting the right landlords, creating a valuable offering, then putting in the work. - - - - - I have a portfolio of 10 arbitrage units in Phoenix and work with three landlords. 

Never the less, I agree that you need to physically be there and check on your investments. 

If you were to refi, I'd consider going with an Interest Only product, increasing cashflow.

Location, location and location, REI is all about the product.

Does this product exist?

. :) We are very competitive our products. 780 score ,25% down DSCR rates 6.875%, 30/30 Interest Only, $5027 IO, if 5 year prepay, No points.

There is an old joke: you don't have to run faster than the bear, just faster than your friend.There are hundreds of leases signed every week, your apartment needs to be more attractive than 50% of what's out there and it will be rented quickly.So you'll have to do some mystery shopping and (ideally) physically look at your competition.