Some have more than $1 million in equity while others have less.4.

The loan is a construction loan (interest only on the drawn amount) that converts to 30 fixed (3.375%) upon CO.

I was just thinking today there was all this excitement about VA loan assumptions there for a while when interest rates started going up. 

(Either with the roofing company, a heloc, or a personal loan.)Either way you will probably be way ahead on interest saved unless you have a sub 6% interest rate.

With substantial equity in your Fort Worth rental, a cash-out refinance could free up funds to purchase additional properties.

The Note/Mortgage for each loan states the dollar amount invested & the % of the total loan by name, for each investor. 

With the FHA loan you won't need a huge amount of your savings.

Right now, you have a property with a great equity position, solid cash flow, and cheap debt (interest rate is low). 

If you need more to do the rehab, perhaps instead of partnering, you could get your former boss to do a personal loan. 

With the equity you’d free up, paying off $50k in personal debt and boosting your credit score while freeing up $3k/month sounds like it could significantly lower your stress and open doors for future projects.That said, selling means you’d lose a cash-flowing asset, even if it’s not huge.