I am considering acquiring six units on one parcel of land.

Can other properties be added as you acquire them, and if so does the term on each property differ or is it recalculated and blanketed together as one again like a refinance? 

I am doing IO for first 5 years...so our cash flow is not reduced substantially and allow me some time to acquire(the purpose of the refi is to diversify our RE equity) an underperforming multi in CA, and despite rent control, be able to increase rents(via organic turnover and annual increases) without being super aggressive, and between the primary asset and the newly acquired asset, have the five years to increase the cash flows on both assets, so that when the loans(will leverage the secondary asset, too) goes to P&I we are not missing any cash flow and probably doing a bit better, despite the increased debt service.As for the lower LTV, I am being conservative and trying not to overextend our leverage.

I wanted to acquire another one in this neighborhood.

I'll make a slightly contrary argument in that if you want to be in this for the long term, try to acquire value add assets in nice areas of great cities.

Also, I would like to know how these numbers would impact funding from lenders to actually acquire this property?

I am an active real estate investor and I have recently acquired my NC license as a REALTOR/Broker with Sellstate Premier in the North Charlotte area.

In my situation I am going the route of 1. continuing to grow slowly by acquiring 1-2 properties each year. 

In either case and if you will use debt to acquire the real estate, it must be non-recourse financing.

I currently own a SFH and renting out the basement for extra income.So far, I have decided to go into REI with a target date of go-live or acquiring my 1st investment property in October.