You need to put more down or extend the length of the balloonIn 5 years will you gain enough equity in it to be able to re-finance it---25% likely, minimum 20%.

This would combine LTV, combine your cash-flow, and give you one mortgage payment for all properties within that portfolio. the benefit here is you'll likely see better rates, and you'll be able to leverage one properties good equity combined with another properties strong cash-flow.... but the down-side is if you want to take one out of that portfolio to sell or refi, "partial release" can be a challenge. also, most of these are not 30 year fixed, they're likely 5 year terms/ 7 year terms/ 10 year terms on a 30 year amortization... still stretches payments out, but you have to do something ab it again once the term expires. 

KonstantinState income tax liens are just like any other liens placed after the 1st, they are in junior position. 

@Kayla Weigel- thanks ...DSCR or possibly find  a partner / co borrower ...on your business - if you end up showing a positive income in 2024..you mght be able to  get a  full doc  loan next yr once the 2024 returns are filed . 

And if you're curious about which areas in Columbus can bring in positive cash flow, I've got some insights to share.

For example, you might own 4 properties with a sum total of 50k in equity but one of the properties generates $900 per month positive cash flow.

@Hector MejiaNevada is a great state to invest in because it's landlord friendly, no state income tax, lots of job growth, and positive population growth. 

There's never been a time in history where building equity through adding value wasn't possible, that's just stinkin' thinkin'.That being said- processes and quality matter greatly and thats where most people lose their shorts, not on the actual deal.  

Very smart I have done over 50 deals for Garanco good people every thing is first position mortgage with note.. as noted above by @Jeff S.

David Greene wrote Long Distance Real Estate Investing, which I have not read, but I have heard many positive reviews on its content.