Then Covid hit and rates dropped.

Cheap House = Expensive HeadachesWhy buy 5 units in what sounds like a D class area when you can make the same cashflow with 1.5 units in a safer area with quality tenants.

Assuming FHA or VA loan at lower rate , although I need to cover current equity in home?

If you're hoping to wait until interest rates come down, not only do we have no clue if or when that will happen, but when it does you may see prices go up as buyers are able to get larger loans.

So I will get money that is being considered goods and services rate not the cash advance rate.

I live in Phx,az and recently friend of mine sold his bank (ex bank of america) literally as is and profiteed $300k  , he purchased it right out cash last year (I think) and it was in real bad shape in a shady part of town,  before him taking possession of the bank  homeless people where living inside it an using the bathroom anywhere in the building, he put maybe less than $5k in just cleaning it up and just a couple of days sold it.Basically the idea is to find super cheap homes in ****** conditions but the price is so cheap that you could still make profit by selling as is, investing as little as possible..

Here is a historical chart comparing the two:The reality is that a drop in interest rates virtually never make prices go down, they are inversely related. 

With the WSJ Prime Rate in the 8%s, you're probably in the 9%s on your line right now (just an assumption).

I'm thinking of keeping the 2bedrooms at the current rate. 

This is especially relevant to zip code 13224, where there's evidence of higher-income demographics and an increased rate of new building permits, which correlates with a market that can sustain higher-end flips.MoM change in searchesHigh Volume of Searches Related to Rentals: Keywords like "houses for rent Syracuse," "apartments for rent Syracuse NY," and "Syracuse apartments for rent" show a consistently high average monthly search volume of ~ 5,000.