We have been contacted by a priest who is working with a family that is in desperate need of a place to live.

The conventional loan max is 10+1.In order to finance a new primary residence, I will need to reduce my loan count by 1.I'm hoping to do the following:Cash-out refinance Property A, with a new, bigger first mortgage.Take the proceeds from Property A and pay off Property B.So, In summary, instead of having two small loans on Property A and Property B, I will have one big loan on Property A.I have presented this idea with my CPA, and I was told the cash-out portion of the refinance would not be tax deductible because cash-out refinances must be applied to improvements on the same property.I reached out to a second CPA for another opinion, and they were not aware of any reason why the interest on the cash-out refinance would not be tax deductible as long as the funds were used to pay off a purchase mortgage on another rental property.That's where you come in :).I would like to hear your opinion on the matter, or some possible ideas on how to reduce my loan count by 1 (other than paying it off with cash).

I just closed on a refi in December and every bank I talked to was doing something different.I don't think anyone is doing 80% anymore so max is 75% but most of the banks I talked to were at 70%.

That depends on you plan, but my max is no more than 5 years, but my goal is 2 is 3 

@Justin Priestly How does the LLC come into play...are you seeking a loan in the LLC name? 

Max I can buy is up to 2.5%. 

I believe max is $800. 3/1 are at $1200 and $1100.

@Max T.Thanks Max. I

As already stated, the max is 80% of appraised value and this was our experience this year when we refinanced our home with a 65% HELOC and 15% traditional mortgage, for a total LTV of 80% through RBC.I can see you're motivated and eager to start quickly.

I have a four bed in Denver and I think their max is something like $2,750.