Here are some pros and cons of each approach to help you decide:Paying Cash for One Home and Refinancing LaterPros:No Mortgage Payments: You won't have monthly mortgage payments initially, which can reduce financial stress.Equity: You own the home outright, giving you full equity which can be used for refinancing.Lower Costs: No interest payments and possibly lower closing costs compared to having a mortgage.Better Negotiation Power: Cash buyers often have more negotiating power and can close deals faster.Cons:Opportunity Cost: Your cash is tied up in one property, potentially limiting your ability to invest in other opportunities.Refinancing Risks: Future interest rates may be higher, making refinancing more expensive.Market Fluctuations: Property values might decrease, affecting the amount you can refinance.Buying Four Homes with 20% Down on EachPros:Diversification: Owning multiple properties diversifies your investment, reducing risk.Rental Income: Potential rental income from multiple properties can generate cash flow.Appreciation: You benefit from the appreciation of multiple properties.Leverage: Using mortgages allows you to leverage your investments, potentially increasing your return on investment.Cons:Higher Debt: You'll have multiple mortgage payments, increasing your debt and financial obligations.Management: Managing multiple properties can be more complex and time-consuming.Market Risks: Market downturns can affect all properties, amplifying risks.Cash Flow: If rental income is not enough to cover mortgage payments, you could face cash flow issues.Considerations:Financial Stability: Assess your current financial stability and ability to handle mortgage payments and potential vacancies.Market Conditions: Consider current and projected real estate market conditions and interest rates.Investment Goals: Align your decision with your long-term investment goals and risk tolerance.Professional Advice: Consult with a financial advisor or real estate professional to get personalized advice based on your specific situation.If you prioritize lower risk and less debt, paying cash for one home might be the better option.

DSCR offers a (No prepay, 1 year, 2 year, 3 year and jumps to 5 years) The longer the prepay the lower rate so match the prepay year up to when you think you might sell or refinance again.DSCR also allows you to close in an LLC and in some cases will offer a lower rate.

Would reverse mortgage servicer (bank)  allow some kind of moving expenses/funeral expenses etc? 

I have a great housekeeper that consistently gets mentioned in reviews for cleanliness and has a backup team in place.

it takes years to build credit with an entity. find a portfolio lender that allows you to buy in llc with you as a guarantor. they will stop the guarantor after you get enough leverage in the package.

We rent property short term and allow dogs (up to 2, 50 pds or less, pet agreement and $100 pet fee). 

Because of the high interest rates, it's hard to find any building that's in truly move-in-ready condition that will allow you to live entirely for free regardless of the neighborhood.

I currently own three properties, each managed by a different team.

I am new to the industry but am focused on long term goals and wanting to build a team of reputable individuals where we can all bring each other value and make some great money together. 

I'm looking at what options I have to pull equity out of other rental properties I have.Does anyone know of investor-friendly lenders that service the San Antonio / South Texas area and will allow home equity loans or HELOCs on rental properties?