NACA could call the loan if they think you didn't make a necessary choice, they do not consider paying off credit cards as okay.Your HELOC lender can also close the line if your FICO goes down or they find out they are in 3rd position.NACA is an amazing product no down, no PMI, low rate, no fees - you sure don't want them to call the loan.

@Kyle Weinapple this is a personal choice regard a cost/risk ratio.

CHOICES, that's all it is, choices.     

It's been two year hopefully you made a choice back then 2 years ago when the situation is much better.

( Cleveland ) I’d like to see how others are gaining properties so quickly instead of saving up 20% each time. what are my options to avoid having to save up 20% each time for a down payment  DSCR loans are a popular choice for investors in Cleveland, as the real estate market is reasonably priced.

I appreciate your service and dedication.Given your connection to Memphis, it sounds like a great choice for your real estate investments.

We had our choice of 2. 

We plan on using DSCR loan (yes high rates but our complicated taxes makes non conventitional as our only choice at the moment) so PM fees will def kill anything. 

Each lender has different ownership seasoning requirements, so if you have owned it less than 3 months, your choices are limited for cash-out refinances.

You might have t choose the least bad choice.