The challenge that many borrowers run into when looking for larger equity lines with limits  of $250k+ is that they typically require full income verification (not always bank statement and DSCR exist) with lower DTI ratios (43-50%) however although the repayment scheduled is based off a simple interest only payment, (usually a 30 year amortization schedule with the initial draw period of 5-10 years) the qualifying rate is based off of the converted twenty year amortization schedule (240 equal installments) of the payback period.

His current monthly Payment Breakdown:- Principal: $314.66- Interest (3.875% rate): $578.779- Escrow: $700.79-TOTAL monthly payment: $1,594.24Estimated rental income: $1.2k - $1.6k per month.Would love to somehow capitalize on the existing fixed rate, but at his current monthly payment and the estimated rent it doesn't seem like a great opportunity for cash flow.

It's because door count is a useless metric, it exists to pump up the ego of the investor, and nothing more.

The cancellation fee will be calculated at the amount of the last full month Management Fee rate multiplied by the remaining number of months in the term or until expiration of the existing tenant’s lease, whichever is greater.The background: I was using LSI Property Mgtm Corp to manage my 3 duplexes in Panama City FL. 

Also some states do not allow you to seller finance if you have an existing mortgage - others require the sales price to be above the existing loan and cannot mature before the existing loan.Definitely need to get an attorney involved who handles state compliance

Most places I'm aware of don't allow you to have the only access to one bedroom be from walking through another bedroom, so will you need to add a hallway to provide access around an existing bedroom?

(even though it sounds like a crazy tenant with no justification for those numbers, what if they really did have justification and won their case)I don't want to be wiped out completely in a terrible event, i'd rather just lose the rental property and not have my personal assets be at risk....exact reason LLCs exist.  

It's much cooler and comfortable during the summer months than where I live in the northeast.

If the new purchase costs more than the $347,200 you have left, you can use your remaining entitlement and you pay 25% of the difference as a down payment, i.e. existing VA loan =$300k, $347,200 in remaining entitlement and purchase price of $500k would result in $500k purchase minus $347,200 in remaining entitlement =$152,800 difference

If you are familiar with Syndications, that is the type of structure that requires an "existing and substantial relationship" with investors BEFORE soliciting them.