And, that could take a good 6-12 month given the type of Property (large restaurant).

If you are trying to get a cash out refi, I would think the bank would want to see the correct type of insurance for the business you are running.

Currently operating and cashflowing, listed for sale What made you interested in investing in this type of deal?

Definitely don't sell it and buy cheap Class C in Texas or other state for "cash flow on paper" - I learned a painful lesson with those types of properties. 

Because my DIT is low, maybe Case 2 for fourplex is my preferred loan type than Case 1 if I want to invest locally.

JakeIt depends on the lender and type of loan.

Regardless of how a certain asset class is doing, an investor like yourself can ALWAYS find a good deal in any type of property.Now, my general suggestion for all of my CFO clients is the gradually move up the unit spectrum/asset type as you build up your portfolio.

If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

What type of neighborhoods are your SFRs in currently?

Would love to hear any experiences with this type of strategy