Your credit, LTV, DSCR all have direct effect on the rates final outcome  

I'm in search of an option that is not only cost-effective but also offers detailed sub-market intelligence.

If the property was vacant, you could possibly get a lease option to purchase locked in, get your permitting ready while 'renting' and then once close to ready, execute the option, but it sounds like that might not be feasible if the property has a tenant. 

These are all currently in my name, i manage the properties myself and have no due on sale clauses on the mortgages i have on some of the properties.After I purchased the 5th this past fall i started to think about how to more effectively run the properties.

This is the most basic level of protection and it is not very effective, but it is still better than nothing.

It can be super effective if you are doing the BRRRR strategy! 

Does this all sound good?

Sounds like you have a pretty decent cashflow already and honestly 7.6% is a good rate right now.

These skills such as responsible budgeting, effective tenant management and property maintenance showcase your ability to handle larger and more complex properties which can strengthen your application for a commercial loan in the future.It's important to do your own research and understand the different loan options and their terms before you make a decision. 

This is the most basic level of protection and it is not very effective, but it is still better than nothing.