How do you pay for the tax and insurance?

If so, how many deals/loans do we need to do before I can expect more favorable terms?

It would cost me $13,835 to get down to 6%, which would give the best value over the course of the loan.

Our names go on title and our loans have the real estate as collateral so they are “secured loans.”  

I am looking at doing an SBA loan but at their asking price it would still need over 100k. 

Since you put 5% down and the appraisal came in at $160K, your available equity might be limited since banks usually cap HELOCs at around 80-90% loan-to-value (LTV).

I would like to do some type of loan or HELOC product to renovate the common areas and a few units. 

Many contracts allow for the buyer to do some due diligence that could include things like inspections, zoning, whether the property is insurable, etc.

One was conventional financing and the other was a portfolio loan from a local bank here in Hawaii, I also did a lot of research into DSCR loans during my search.I'm also an agent here on Oahu but focus mainly on Property Management, at the brokerage we manage roughly 50 units that are a mix of STR, MTR, and LTR's. 

I don't think you will get anyone to loan you money on tax liens/deeds.