But I never acted because I didn't have the money, knowledge or confidence to pull the trigger. 

But even though we plan to hold the property the reality/risk of not being able to pull equity or sell easily later on without maybe a land contract is kind of concerning?

Now, if you do decide to pull money from your current home, most lenders would prefer to see some "seasoning" of funds in your bank account.

I assume a permit was pulled? 

Depends on what you need and what you want to pull out.

I offer to purchase the home for a discount equal to the expected cost of PITI plus repairs/maintenance for the life expectancy of the homeowner, plus a margin for profit.I have the option to refinance the home to pull money out of it after purchase to finance other real estate deals.

If they can’t or won’t answer those questions and are unwilling to give you a loan estimate without pulling a credit check, i walk away.

(and we do a soft credit pull, so no more damage to that score :) )  

It could be possible to change debt structure from 6 individual loans into a single portfolio loan allowing you to pull a larger part of the equity in one chunk and still stay under 65% LTV. 

Which is great but to me do the numbers work or not, and what are the levers you can pull if things go wrong.