Prepare financially by saving for down payments, improving your credit score, and setting aside emergency reserves.

Charges them all for parking passes (on the lots I own), charges for pets, charges to empty the coin op laundry, charges for credit checks etc.  

Both offered up to $40k, 12-14% rate which is higher but not bad for an unsecured personal loan. 

Although 3.1% is a great interest rate I tend to not get too caught up in keeping a property just because the rate is good.

For now, my immediate goal is to pay off all of my credit card debt (should be accomplished by February 1.), and continue to educate myself on NOI, Cap rate, cash-on -cash return etc.BP community, I am open-minded, willing to take initiative, always willing to be taught something new, but also ready to share any experience or knowledge I have that can help someone else. 

If you could do it differently, owner occupied is easiest to get a HELOC on and has the lowest interest rates.  

A cash out refi should take 2-3 weeks with most lenders, and you should have only an appraisal a credit report fee as upfront costs. 

Fortunately at my rate they have some cash flow and good appreciation.The rates make it rare that the brrrr is the best option available.  

Or are you actually talking to a bank about buying the note so you can see the notes and credit on the owner of the property?

@Timothy Hero community banks and credit unions are the OG DSCR lenders.