I have checked with Chase bank who I deal with mostly and they frown on REI for lines of credit. 

Remember Fannie uses debt-to-income (DTI) but the commercial loan uses debt service coverage ratio (DSCR). 

Ideally, they would be used to working with investors who are out of state.

Ryan--Something to remember about cap rate is that it is not an "end-all be-all" ratio.

I remember hearing on Ron Legrand's CD all six of them from the interview table said "what competition?"

I’ve heard some less than ideal things.

I see a lot of newer agents if they don't have a warm market or sphere to tap into.. they will get on a big producers team.. this can jump start you.out our way agencies have lead creation systems and will literally hand you web leads for listings or sales.My wife had taken a few year hiatus and to kind of jump start ( her normal business is referrals) but she wanted to work some leads and get going and it worked very well she made many sales and got a few listing which in this market is simply money in the bank. find your niche.. and remember 95% of agents all try the same thing.. you may want to specialize.. and commerical agents though dog tough to start if you make it.. its a really good business once your established.

Remember that when you do a refi, you are usually taking on additional debt.

. #2 Stay focused and remember you are in control

Ideally, you can just non-renew his lease and get a non-smoker in there, but I don't get the impression you want to be that aggressive yet.