I have done some REI off and on for about 10 years but not a full time business, I have learned a lot over the years and with additional study, I mainly have experience with rentals and property management. 

Any additional debt will increase the amount in payments to service that debt.Are you asking about a 3% rebate at closing for landscape allowances or closing costs?  

I am looking to Refi the property and also acquire an additional unit.

@Doug Rich, @Justin Mespelt, what I forgot to mention was that we were also offering to pay any appraiser an additional $1,000 on top of their normal fee in order to get our appraisal done.

Additionally, I am also a licensed residential realtor in the city and am here to lend a hand in any way that I can!

He's provided me with additional advice and quick responsiveness for a Richmond tenant issue.

No stressful refinancing or additional closing costs required.- Tom

My lender told me I could not use it unless I have 25 percent equity in my current home or my place of employment is closer to the new home.. is this true and has the rules changed?

If they're doing any additional work such as rebuilding a chimney it might be more.

I am trying to discover the real way to earn my family some additional income in real estate, either through flipping, or developing rental properties.