Quote from @Robin Simon: Quote from @Matthew Graves: We are looking to refinance three of our rental properties.

With that clarification @Ezra Simon this makes more sense.A family friend - more of a private lender - has offered their nest egg for you to help manage and grow and they want you to watch that nest without other distractions.  

Quote from @Simon Ashbaugh: The issue is, with FHA there are more stringent guidelines, longer closes, and it's not cash.

Quote from @Robin Simon: Congrats - any insight into the decision to do a 5-year balloon with 20-yr amort instead of a less risky 30-year fixed fully am loan? 

Quote from @Tanner Lewis: As a private lender, I would do the following:1.

Quote from @Robin Simon: a lot of people "learn a lot of lessons" (i.e. make mistakes)I like how you worded that so nicely....You mean ' get your arse handed to you' 🤣

Quote from @Robin Simon: Check out this article posted last week - most of this thread is old and the options have definitely changed and developed since thenhttps://www.biggerpockets.com/blog/brrrr-loans-what-are-the-... 

Quote from @Robin Simon: not the time to be overleveraging (and if you are using the 2nd home loan to finance a STR for cash flow then you are likely breaking rules due to the restrictions on use that come with it - >180 days rented, no management, etc.)Doesn't this depend on what exactly is written into the 2nd home rider in the loan paperwork? 

My wife and I are purchasing a home off Sapling Circle near Lewis Farms.

@Timothy Lewis thank you yes I agree too that make things clear