@Aaron Smith,This is definitely a pretty specific scenario, and I think the Appraisals issue (and finding a Lender that won't require them) will actually be the biggest deal breaker.However, I don't think I'd let that stop you from investigating a specific Lender's options, since even if the properties will appraise for well under their fair-market ARV, a Private Hard Money Lender might be willing to work with you.We've even seen deals in hot markets get funded at >100% of the Purchase Price or As Is Value, based on a higher ARV & knowledgeable Borrower that still inspire confidence in everyone seeing a healthy profit.Your biggest assets will be the free & clear properties, and the existing rental income.The biggest potential issue I could see would be if your existing debts will require too much to pay off with the new Blanket Portfolio Loan, that you end up with not much cash-in-hand after paying everything else off.It's an interesting question & scenario, so I'm happy to discuss further.

You might find it inspiring to listen to other investors and hear about their struggles and successes and learn from them.  

This thread was meant to be inspirational.

Been a long time listener of the podcasts and have inspired to "get in the game" but have been on the sidelines for about a year. 

That is inspiring!  

In fact, I was inspired to go get my RE license because of the people and conversations on here.

I’ll continue to share transparent stories on both flips and apartment investing to hopefully inspire others to start down their path as well.Paid to Investors to Date: $80,550 of $1,000,000 (by 12/31/21)ON TO THE NEXT!

Thanks to BP and this community for all you do, and for inspiring this guy to take the REI plunge!

Very inspirational!

Thank you for your discussion and for the inspiration to look into this niche.