If you have a lot of equity or if you bought the property when your credit score wasn't great (leading to a high interest rate), then it might make sense. 

Your credit score needs to stay relatively the same from application to closing. 

With middle 700 credit scores you can push your rate into the mid 6s today.

And when a rising tide is lifting all boats, groups that amplified their results by using risky high leverage could score some massive returns until the music stopped, then will subsequently struggle to keep the rest of their portfolio out of foreclosure.

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

Short sales are where the bank would realize a lesser loss settling than they would completing a foreclosure.

A few tips: maintain a solid credit score, organize your financials (especially your proof of funds), and be ready to show that you have a solid plan for your investments.

Make an extra $100 or $200 by taking the lesser unit.

There are lenders out there that will lend up to 50% of the AV with no minimum credit score requirements. 

Securing loans with a low credit score is possible through private or HM lenders.