How difficult is it to copy the last statement? 

The difficulty is that it is hard to get feedback in practice, to some degree you have to put your assumptions to work and see how it plays out in reality.

You mentioned that the property cashlow is continous,if so then you should have no difficulty using the property as collateral.

It will be difficult to find good comps to support your values and get a strong appraisal making a refinance or cash out problematic.4.You will very likely experience high vacancy rates, difficulty collecting rents on time or difficulties collecting the rent at all.5.

I'm sorry you're having difficulty.

Thank @Jeffrey Knapp and @Tom S. for sharing your experience… so it sounds like you wouldn’t use BHG again because of the difficulties in not being able to do things online and also having a 48 month lock for paying interest? 

If you get evicted in San Diego you will forever have difficulty renting a unit in San Diego. 

Would I have the same difficulty if i tried to do a Cash Out refinance on one of the properties? 

Every economic downturn brings some pain (although the floor will be higher this time - I agree, things will always be better than the last bottom almost certainly).I won't even get started about the political difficulties of development.

I know you took cash out, great but if a downturn happens and you get into financial difficulty could this property become a liability?