Welcome to the community and be ready for a huge amount of information at your finger tips.

Lenders will lend the lower of the amount between LTC and LTV.Do you require an appraisal and survey?

One way to maximize your rental revenue is talking with Property Managers in your market to get a rental analysis to see if you are maximizing the amount of rent you are getting from each unit. 

Competition with owner-occupants and the age of the homes (70-120+) will squeeze your margins and expose you to a fair amount of risk.

My guy retired & the flat rate firm I recently used raised their fee to an unreasonable amount. 

I run a full-time planning practice focused on real estate investors, so I wanted to add a few thoughts for context:1.Cash Value Takes TimeMany IULs (Index Universal Life policies) may take 7–10 years before you can borrow a meaningful amount of cash value.

It will be an uphill battle to find a lender willing to lend on a low loan amount.

That's the maximum amount we will pay for the note.

If the loan amount you are looking for is small relative to the value of the first and the second property combined, they are very well secured on a LTV%; ask for a 1% point lower rate.If you don't want to Cross Collateralize, do you have any CD's or MM you can transfer to this bank as collateral. 

But as long as it's marketed properly and not way over market price, you will get a decent amount of prospects and should rent it out within 2-4 weeks.