I'm still amazed at how improving my health and lifestyle has positively impacted the way I do business.

The first of course being ability to repay (which borrower should qualify for in this instance since their payment is going down), but more importantly is the loan to value. 

This is because a lender or broker are the "Middlemen" of the industry where they take the application, approve you close you but then sell your loan to us at the Big banks.

However, that is NOT the loan contract.

I've only done 80% CLTV HELOANs (not HELOCs) on investment properties, but that's not an interest-only loan and usually rates are in the 10's at that high of a leverage. 

You may be in violation of a loan covenant.If you have no mortgage, you are a bigger target for a frivolous lawsuit.  

The seasoning requirements, LTVs, and drivers of the difference in purchase/appraisal values will be effected by the loan product.

I'm trying to assemble a group of like-minded people to take down deals and improve each other individually.

I am also self employed and only have one year tax return non w 2 so I also did dscr loans for first few and then fix and hold loans.

I ask because if it were bought 8/22 and it just sold , thats almost 1 year . even if you did minimal improvements and had minimal carrying costs , plus real estate commissions , that doesnt sound like swift profits .This almost sounds like an ad for Brittany Scandra I am very familar with Pasadena