The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

Any tips from you savvy folks?

Look at the cost of the penalty and the overall cost of the refi and compare it to what you'd save/the extra cash flow with a lower rate and see what pencils out better.

Again I don’t know these folks.  

Hello all,I've reached out to a few folks individually but wanted to start a thread on this as well.

Either way, it is more work for them, and they don't like extra work any more than we do.

Are folks able to manage to get to that second property, when they have high debt service in one property.

If things go well I’ll have some folks to expand with and maybe some knowledge, and most importantly, courage to try other investing options. 

a lot of folks saying they're going to buy using a HELOC for the down payment and some other type of financing for the rest.is it distress? 

Additionally, Mezzanine Debt may sometimes allow for a second lien recording, providing an extra layer of security.On the other hand, Preferred Equity generally does not carry a maturity date like debt instruments.