Borrowed the cash, then cash-out refinanced.

The best short position you can take against the dollar is to borrow money at a fixed interest rate, and use the money to buy income producing assets.

And our borrowers obviously prefer it. 

I would like to borrow & make title of properties under this LLC.

New investor here. Wanted to know if anyone has used their home's equity to fund down payment for a investment property.

They can be purchased with short-term funding if improvements are needed before being tenant occupied and when the deed has been seasoned for 6 months (your LLC has owned it for 6 months) you can do a cash-out refi with the LLC as the borrower and it is considered a commercial style loan (even if it is a residential style property).

I'm not sure how I would get the account number or an answer as to what amount is needed to make the loan current over the phone as I'm not the borrower. 

You have the ability to borrow 75% of ARV or 150k which would allow you to pay off the first and some cash.

Most mortgages with an LTV ratio greater than 80% require that the borrower have PMI.PMI can cost between 0.5% and 1% of the entire mortgage loan amount annually, which can raise a mortgage payment by quite a bit.

Mortgage credit reports can sometimes pull addresses affiliated with a borrower.