For example, I bought my house 10 years ago at auction and have rented it out and lived conservatively there is only 100,000 left on the note.

If it's a primary residence (house-hack) you can go as low as 3.5-5% down but these loans typically require the residence to be in a decent condition.

Houston is a little expensive, especially when combined with current rates but there are some BRRRR deals that can work with decent ARVs...just as a quick example, here's a ranked list of properties by BRRRR in Houston - there's a few that potentially make sense but not a huge amount of choice.

(I've heard people tend to create LLC and utilize lines of credit to either fix property or furnish a STR/MTR for example)Are there any significant pulls either for or against creating an LLC?

For some things you need to use ethics and just common sense to decide to do it or not.An example.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

For example, post-move-out it will not be 52.7%.

For example we have some properties that are fully depreciated.

Now Tom on your first example is interesting.

For the life insurance route you need a policy structured in a certain way AND for the policy to have been in place for a period of time for it to have the value you need typically.