Quote from @Dinesh Nair: I am a Canadian investor with a US corporate entity- we closed on our first property and now working to find financing through a lender… however rates keep changing all the time.. is there a site to track rates ? 

I am a property owner in central Texas of a multi-family home.

@Jacob Glover seasoning period on a cash out refinance for a new construction property starts ticking from the time you took ownership of land with conventional financing, but requires 12 months seasoning. 

Is she paying a property manager?

If you turn any two "bonus rooms" (rec room, office, formal dining room) into two more bedrooms, then you're at $5,950+ per month—a 138% increase in rental income.Now, imagine scaling this across multiple properties while keeping lower upfront costs compared to multifamily properties.

I sold my Temple property last year and it was good timing.

Why are you communicating with the tenants if you have a property manager?

I dont see how the risk would be reduced on second mortgage unless you are planning to hold the property in some type of llc.

As long as the Belize property is not part of the collateral your fine.  

Would it be best to just have a general contractor to go look at the property?