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

Is she paying a property manager?

Occasionally, they buy a non-performing note with the intent of foreclosing to obtain the property.

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 ? 

@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. 

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.

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

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

I'm a property manager, and I also buy/sell property.

Whether you’re looking to secure financing for a new property or refinance an existing one, I can offer the guidance and support you need to make the most of these opportunities.