Interest rates between a HEL and a refi are comparable, the equity in the property is equal to the value of the property and I only need about 50% to purchase another property.

If you do have to move because of a job, you would be safest (in my opinion, i am not giving legal advice or financial advice), i would sell that property to ensure that you did not just purchase with the goal of moving out early and taking advantage of lower rates and lower down payments for purchasing your home as a primary residence. 

Hi Fernando....I'm a broker looking for a company that does DSCR loans with no or very little seasoning to allow for the value instead of the Purchase Price.

(5 tenants are original tenants, having been in the homes since I purchased them 9-12 years ago when I was doing more buying.)My last purchase was a 1031 exchange in September of 23 for a new build. 

Hi @Scott Weston,Hope you ended up following through with purchase.

Since I will be managing it after purchase, you can be certain I'm not going to sell you a bad investment.

(You said you could purchase them $20-$15,000 below market value. 

Purchase price: $850,000 Cash invested: $500,000 Sale price: $2,250,000 Purchased , knocked down, built new from ground up What made you interested in investing in this type of deal?

I am looking to purchase a residential or commercial multi family in the Sherman/Dennison TX area.

Have as many people you can trust give you some advise about your purchase.