I went to lumber liquidators and requested that I can have a personal commercial account.

Collectively between our personal residence mortgage and rental mortgage we are at a 50% LTV ratio.  

I’m trying to find out how much money can I pull out from the 8 unit which is now valued at 1.7 million.

You purchased it with a HML, and are now rate/term refinancing the $1.5m (75% of $2m) hard money loan for better terms b/c you show six months of stabilized rent, the T-12 and rent roll with the monthly breakdown shows a clear trend towards where we are at now.Your hard money loan matures at the 2-year mark, but you weren't silly enough to call me at the 1 year and 11 month mark, so my partner lenders that have great terms, but move slower, are on the table.

There are better ways to spend your hard-earned money.

I personally would avoid big banks like Chase, Wells, etc, or credit unions - they tend to have horrific underwriting process and could cost you your deal in a competitive situation.

.- lower turnover- easier on the units when they do move- quiet and less disturbance than traditional, younger- for fixed income, consider partnering with the local housing authority for SEct 8 vouchers, then raise rents accordingly - guaranteed money & the Sr. only pays a portion (if they qualify)Traditional renters- Higher turnover- Higher turn costs- More volatile - higher bad debt- More drug related activities- Adding in children that are hard on units- Higher eviction rates and legal costsConsider all angles before making a decision with the changes. 

@Jason Bott Could you send me over the contact information from the person you know?

For investment properties you should be using private/hard money lenders, but if it's a primary or you have a long window of time to secure the financing then traditional may be the way.Overall, it should be easier to get approved via creative financing though as there are options and workarounds for nearly every scenario (they just may cost more the more creative you need to get).

cast a wide net, get preapproved with a lender, and look at lots of properties in person.