@Manny Martinez FHA monthly mortgage insurance is typically 0.85% of the loan amount, so you are effectively already paying the rate you were quoted, $200 per month on an $80,000 loan amount would be about the equivalent of a 3% interest only loan, now factor in the difficulty in finding a 2nd mortgage in todays rate environment that low and assuming the refi rate you are talking about is a fixed rate, your $200 extra per month is paying down the balance of the $80k further reducing the effective rate you are paying on the $80k, all while paying about the same effective rate on your existing balance when you combine your rate and MMI... seems like it is a good move to me or at least better than finding a 2nd mortgage.

The gurus” selling mentorship’s and “canned” programs to a inexperienced investor oversimplify the strategy; ignore the difficulty; incorrectly claim that the education they provide is sufficient for success; lie about their own qualifications and experience and success; belittle “real” business/financial/real estate education and provide a totally unrealistic picture of lifestyle, effort, and chance of succeeding.  

:) Well, for starters you'll have difficulty being successful if you start from a place of fear.

Hey Rajul, If you are having difficulty qualifying for both STR and LTR rents, you may want to consider a No ratio loan.

You do not want to go under contract on a deal you will have difficulty assigning, and one other investors aren't interested in.

I can’t get showings or offers in on time to compete with seasoned investors.I didn’t realize it would be this difficult. I

How difficult is it to prove non payment to revert the property back to my name?

How difficult is the process to land a government tenant after the necessary paperwork is filled out.

I’m in the metro Detroit area and I’m having difficulty selecting the exact area and what kind of property value I should be looking at.I have a HELOC and a hard money lender in place for when one comes up.

I'm sure the process varies from state to state, so in other states it may not be as messy and the difficulty getting title insurance without doing a Quiet Title might also not exist but here in PA its a very messy process.