Depends on if you value it similar to a publicly traded company of similar ilk (ie, PayPal, Visa, Western Union).  

They're like bank & credit union loans... but with (i) more leverage, (ii) more interest only, (iii) [typically] lower rates, (iv) non-recourse structure, and (v) no deposit requirements / no requirement to start "a relationship". 

Go to a credit union and get a low interest 2nd mortgage and leave the 1rst mortgage intact.

There is a lender willing to refi cash out the property right know, should I take this lender offer, or would it be better to go to a local Credit Union or Bank and have them run the numbers?

Short-term rentals are ideal in tourism-driven states, while medium-term rentals near military bases provide stability.

Military bases?

Won't apply for everyone, but for those that are military and looking to turn your primary residence into a rental when you leave, you can keep the 4% assessment under certain conditions (remain on active duty and I believe it's limited to 1 property unless you advertise it for sale within 30 days of a purchase of a new house).  

It’s a big leap going from military life to civvy life, and it sounds like you’ve got a solid game plan. 

Active duty military and New here to BP while still considering myself new to REI. 

Good morning, BiggerPockets Family.I recently submitted a Residental Purchase Agreement (RPA) with a pre-qual letter from my credit union and FICO scores.