Also a mortgage lender with United Mortgage Corp.

We are responsible for the mortgage as of January 1 - but it's come to our attention that they stopped paying it back In October 2024.

I would suggest you do both of what you suggest - meaning get either a new mortgage (more conservative route) or HELOC on the townhome and use those funds to buy your next investment property.

Now solely as a lender, i actually reverted back to it in unison with our mortgage origination software. 

The mortgage payment is $1,000 on each house, so you earn $500 per house or $2,000 monthly.

Btw, you should really consider getting a mortgage on your primary.

Friendly reminder that loan guidelines typically allow you to use the theoretical or real income from the other unit (the one you're not going to occupy) to help you qualify for the mortgage.

I renovated the home while 3 of my friends lived with me and paid my mortgage.

How many mortgage lenders have you spoken with to get qualified and discuss allowable down payment options?

Also add if you are getting any type of loan on the properties a Wyoming LLC will not make you anonymous as you will need to sign the mortgage in your name: