You should be able to shop local lenders and credit unions and get a much lower amount of cash out of pocket while still achieving your goal of 75% or even 80% LTV on a commercial note.

Yes Lisa you can refinance out depending on what your situation is:- Full Doc conventional loans will require Income, assets/value of the property, and credit to qualify to refinance out- DSCR loans only require market rental income and credit + enough assets for monthly payment reserves 3-6 months (no personal income or other liabilities are factored in, just the property in question)- Refinancing into another private loan - this is only a bandaid temporarily to provide aide but will not be a permanent solution since most private loans term up or are due in 6-12 months after funding @Matthew Kwan@Carlos Valencia

I do not like more entities because it means more bank account numbers, credit cards, debit cards, check books, etcBest of luck

What app do you like to use for tracking your time? 

**Credit Unions or Local Banks**: Smaller financial institutions like credit unions or regional banks might be more open to taking a second position, especially if you have a good relationship with them.3.

I would pay off everything else first; credit cards, car loan, personal loan, college loans. 

Floodzone risk (Severe, High, Moderate, Minor)Am I on the right track?

I would just make sure to reach out to some local lenders shortly after so all the hard pulls get grouped together and don't impact your credit score as much. 

It's not black and white, it all comes down to who that person is, their track record and the interview.

I'm curious about anyone having challenges with getting loans or additional credit without a "home".