Perhaps another option would be to go for a conventional loan for the loan contract balance.

I don't think you'll be able to do this with a conventional mortgage, as cash-out refi's aren't typically permitted for the fifth+ financed property, per Fannie Mae guidelines, unless you've owned the property for 6 mths or less.

I am pretty much looking for ANY way to get additional investment grade inventory under my belt, I will also be a licensed agent in NV to assist with this.

Using conventional 30 yr fixed mortgages.Is there a hard number limit?

This would apply to any FHA or residential conventional loan.

You could also do a second on another property, or several others.I'd suggest too that you start looking at a blanket mortgage on several properties (with a release fee on each) and begin consolidating the debt to free you up for financing.Creative financing is utilizing the assets you have to leverage a deal within the boundaries of conventional requirements, the rules and regs, not getting wild with schemes. :)

On conventional loans for investment properties I know they try to stick to around 45%, but will go up to 50% with high compensating factors (credit score 720+, high cash reserves).

(Private lenders, season the second and refi later)Use the equity pledged to a seller of a multi in seller financing, you can assign leases as well in the event of default.Refinance the SFDs under a blanket mortgage with the new purchase.Trade the SFDs on a multi, finance the difference conventionally or again, seller financing.

Other local lenders often offer construction loans that then refi into a conventional once the work is complete.

Last I heard it was a seller's market and inventory was low due to hedge funds.