As such, you would not have time to work on closing and search for new lending relationships.It is certainly prudent to talk to various lenders and select 2-3 to work with.

In our experience, the #1 mistake landlords make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

Cash-out refinance pros: interest rates tend to be lower than HELOCS, you have the flexibility to do whatever you want with the proceeds, interest from the mortgage may be a tax deduction, and there are multiple types of loan products and structures to select from. 

I have 6 years experience as a landlord on 3 properties now that have been excellent performers.

Excellent - Thank you all for your input.  

@Anne Williams - I have a PSEG worry free plan in the Princeton New Jersey area and they are excellent for HVAC, with asap service for “no heat” calls.

These are things that human beings excel at.

Excellent point regarding LLC’s.Yes I know if you apply for and obtain a permit you cannot move property into LLC otherwise that is considered a change in ownership and the permit will have to be reissued under new permit.

Excellent suggestions!

Includes elevations, floor plans, 3D models, etc.These guys have designed some of the newest commercial properties in our area and do excellent work, which is why I chose them.