@Christian CummingsYou can refinance at anytime, so long as your loan-to-value (LTV) ratio is at least 20-25% - meaning that you have at least 75-80% equity based on the current value of the property.

Customers rent them month to month just like a traditional self storage unit only I can deliver the self storage unit right to their front door.

Pay hundreds less in interest and get the home paid off early to avoid paying the higher amount of interest towards the end of the loan term since it doesn't go down like a traditional mortgage?

@Christian Barth unless there is a redemption period in MN, the bank is the new owner of the property.

Or should I just reach out to a local agent and go the traditional route?  

Well my lender just messaged me and said with everything going on in the world I would need 35% down to purchase this building vs the traditional 20%.

I was hoping for some guidance from everyone on which is the better strategy, and maybe point out some things I may have missed.Here are my goals:- purchase 2-3 properties a year to hold and rent- appreciation is nice but not a must have, focusing on cash flow and debt paydown as the benefits- open to possible rehabs/light cosmetic - I want to start slow with my first property, but if things go smoothly I would be ready to rinse and repeat when the right deal becomes availableSCENARIO A- use HELOC for the 20% down payment and then take out a traditional mortgage for the rest- POSSIBLE DRAWBACKS - not sure where to get $$ for the rehab if needed.

hey @Tim Sipowicz yep one challenge is finding a house that you can get for a place that is low enough where you can build some real equity that a traditional bank will want to lend on. 

I know traditional lenders want one year of on time payments in order to cashout refi.

It was assumed that the split structure was a function of being late in the market cycle, if that is the case do you think these deals will become less common and this practice will revert to kore traditional deals?