It really comes down to running the numbers and seeing which option offers the best balance of costs, monthly payment, and future flexibility.In short, a DSCR loan might work, but it may not be the cheapest or most suitable option if a second-position loan or HELOC can accomplish the same equity pull with fewer costs or better long-term benefits.

was just re-listening to your episode this weekend as I'm looking into some rezoning options myself!

This will go a long way in creating a network and future sellers and buyers will start to see you as a resource in this arena.  

My goal of refinancing was simply lowering our monthly spending to reallocate towards future investments.

Quote from @Raif Jochim: Bigger Pockets Community -I'm trying to plan for the future and have a question I'd like your thoughts on.  

While I could write a whole dissertation as to way, I have no appetite to enter into a kind of discussion in which too often egos become prevalent over helping one another.What I would do if I was in your position is to ask about investing in the US to somebody who actively invests there and ask about investing overseas to somebody who actively invests in Europe and the Caribbean and then draw your own conclusions.

Austin tx is not as bright but the future market of Austin is promising!

I'm hoping you can save me some time from re-creating it. :)

.: 500K is high and will exclude lots of companies from writing the renters policy. 

You're doing a great thing for your financial future.