You may find that what you own already works just fine, or that the yield on 400K is less than current CD rates.  

If you have credit card debts with high rates/high balances I would focus on paying it down to 15% to 30% Max balance to credit limit ratios to lower your DTI - Debt to income ratios, increase credit scores and be in a better position to buy more properties at a lower mortgage rate.

Both provide better services and better rates than banks.The usual credit application for a mortgage will want to see 3 lines of credit at least 6 months old and preferably 12 months old.

It will pay off the lien and the first mortgage and the rate will be cheaper than a cash out refi.

•The Notes will have a stated, fixed interest rate, ranging from 7.50% to 9.00% depending on the series of Notes purchased.

Anything you buy is going to come with the higher price tags of today's higher home prices and mortgage rates.

With that being said, I have shifted my focus to multifamily and apartment complexes outside of our state and/or across the state in hopes of leaving behind the outrageous insurance rates.

Although from what I read, State Farm is rated highly for rental units. 

STR's are a great investment in this area, occupancy rates are extremely high in the summer, and very high during the spring and fall.  

Even if nightly rates didn't continue to rise over time, breaking even now would still be a free house in 30 years that I could sell and use for a retirement nest egg along with my 401k.