using owner occupied loans can get 96.5% LTV.

@Joshua TellesDepends on the interest rate you can get and the equity you have.If your rates on your existing properties are lower than today’s rates then it does not make sense to refinance for higher rate debt.

I feel like the market here is very tight, and most of the properties I analyze are tight or don't make sense.

She’s for real estate (I think market is over inflated) but in the past we use it for rainy day fund vs holding $ for repairs as well as acquiring property via cash to rehab and sell.Regarding equity shares I would read the fine print as from what I have read you basically are selling your sole to those companies for a small payout to start but giving up a ton of equity

Owner came back at 1,550,000 with 30 days inspection.

Making contacts including HML, contractors, RAs and Property Managers.

Also how much is the first mortgage and is the property even worth keeping?

They will focus on analyzing properties instead. 

Can you provide more details on what the property is like?

We currently have one rental property that is fully paid off, generating $2,150 per month in income, with expenses around $1,000.