An example, a small down payment initially, but the note has now seasoned for 60 months with on time payments documented by a third party servicer.

If she doesn't pay the rent in Jan, start by following your local rules for non-payment of rent (normally a 10 day notice). 

Non-payment of rent is always the path of least resistance to get someone out in a somewhat timely manner.

HI Jewell,If you were to use FHA again, this could trigger the FHA 100 mile rule + 1.75% upfront fee, however with a few exemptions Indeed FHA allows you to put 3.5% down payment to invest in 1-4 units.

And when does the 10% interest payment on these funds begin?  

Be upfront with sellers, buyers, and partners to build trust and avoid disputes down the road.- Focus on Motivated SellersDon’t waste time chasing deals that don’t fit.

Is there a pre-payment penalty?

Save the low rate: Keep your current loan and focus on building savings for the next down payment through budgeting or a side hustle.2.

Very little documentation requirements, no income requirements, etc, just need to have on-time payment history for previous 12 months, and be lowering your interest rate at least .5%. 

I hope everyone is well, I came here because I need expert advice from you guys, let me tell you my situation: I have a investment property that i purchased 2 years ago and is valued at 65k that does not have any mortgage and that is already paid off, I want to use that property to buy another one for down payment , the question here is: What is the best way to do it. a heloc or a cashout refinance and why. your response will be appreciated :)