Also, I hear that Ohio has pretty good returns based on purchase price and rental rates. 

You may need to show that you have completed at least 1 fix and flip or hold to get the full cash out, otherwise it may just be a hold back for the renovations and a rate and term refinance for your 1st mortgage 

Yes, my interest rates would go from 5.25 to 7.5 or 8 but I would be eliminating debt payments and possibly adding a 12th rental property? 

At today’s interest rates it’s very hard to cash flow, but the appreciation is pretty consistent. 

It was a home on a double lot and I was able to negotiate a 2.49% interest rate.

They gave me very competitive rates for my STR in Kentucky, not sure if they do CA.

Cash out refinance is an option as well, but it is not very appealing at this time (background here is $330k left on mortgage at 2.65% rate).  

I had two people come after who both hated the smell and I gave them full refunds and let them stay there so it didn't kill my ratings I had - it's very much so a business of customer service.

.- I go to military training on the 7th.I have a good lock on my interest rate and afraid of doing the mortgage application over again due to a slight decrease in my current job pay but will be going up again in a few months and I'll also be house hacking once I own and solely live in the house.

I like the cap rates and it's very attractive.