@Brett Jurgens,With strong equity and a good tenant, you have a few options:Cash-Out Refinance: Offers lower, fixed rates for stable monthly payments and lets you keep the property while using equity to invest in another rental.HELOC: Provides flexible access to cash, though with typically higher, variable rates that can fluctuate over time.1031 Exchange: If you're open to selling, a 1031 exchange could defer taxes and allow you to trade up to a higher-value property or diversify into a different market.Each option has pros, so it really depends on whether you want to hold onto the current property or leverage its value for something new.

Property was sitting on market and needed light updates (roof, flooring, paint) but was in a great area that allows STRs giving me multiple options when deciding on rental strategy How did you find this deal and how did you negotiate it?

Doesn’t seem fair to charge the full price to replace the door but what other options exist? 

To your point, I still definitely believe investing out of state is a viable option.

If your household income is more than 5 times monthly rent, a guarantor may be an option in lieu of a sufficient credit score.

I am open to any options that make sense.

Sounds like if I stay conventional then my best rates will no doubt be the 25% down options. 

Since I am having my prospective tenants cover the cost I would prefer to have the lowest cost option that gives you the most bang for your buck, but at the same time I want to be sure that what I am paying for is reliable.

@Toby Khan  If 5 is normal then I thin I already have a good option with potential for getting 10 years.

I put the first, largest mortgage in under the loan option in the BP calculator.