It's all fun and games until your bank freezes and converts your line for any number of reasons that are in the loan agreement.

What loan terms are currently being offered for these type of rentals? 

Over a 25 year time frame the combination of the location and the house will grow faster than other properties, due to location/location. 

They are bought either with SHORT term high interest (hard money) type loans or purchased in cash.

I never make a loan, no matter the equity position, that the past actions of the borrowers lead me to wonder if they will be likely to pay me back. 

To access your home equity without selling, you can explore options like a home equity loan, a line of credit (HELOC), or a cash-out refinance.

The builders lender was pressuring them and would not give them new loans until these were retired..

Quote from @Caleb Brown: Is the property worth the higher price to pay off the loans?

The hard money loan interest rates scared me, renovations were going to go over, ARVs probably overestimated, got out of it.

I’ve hit my financial goal and can quit buying houses. 2025 goal: pay off my last two 401k loans I used to buy a couple houses and enjoy a second home we just bought for ourselves in November.