Foreign national DSCR loans are a popular option!

@Rene Hosman all good options! 

In option 2, your costs are $25k higher.

Thank you,Jerry Jerry, I recommend getting in touch with an experienced broker who can educate you on all the possible options in the investment space for cash-out refinances.

HELOCs are definitely a good option for financing BRRRRs.

@Matt Powers  Have you done any training, schooling in real estate investing? 

Are there any simpler loan options I should research as I start thinking about our next property? 

Are there other creative options I haven’t considered?

You've only owned it six months, so you probably haven't dealt with vacancies, maintenance, or capex, but you should be setting money aside for those things.Your partnership agreement (if you have one) should address exit options.

Hey James,Ah, I see where you're coming from—given the Chicago winter, cutting off electric isn’t really an option without risking serious damage like frozen pipes.