We have flipped 4 homes for a national company.   

PM for us small guys is a tough go...if you own less than 30-units (example), you won't receive the attention of the larger or institutional investors...Columbus was just named top real estate market in the country...things are jumping here...most PM's won't even enter zip codes they perceive as risky or not worth their time because they don't have to...they can set their own fees now, but it's breeding competition...as the market peaks here and out-of-state dollars continue to roll in, you'll see a few companies emerge with more competitive rates...the alternative is to leverage technology and self-manage...Aside from that, it's just a matter of vetting the 200 PM companies in town until you find the right one.

If you want to get involved in institutional NPNs, you have a long way to run to get caught up with those that have been working in this space for years.

1) Maybe I don't fully understand what you are asking but when you are refinancing typically you go with another bank or lending institution and they will pay off the first loan.  

Cheapest in the nation.

@Roman M. yes, trying to get hold of 1st mortgage institution

Does anyone know of a national lender that would loan on this type of property?

I can't wait for that to be true nationally later this year.

I also signed up under the National CREIA (Real Estate Investment Club) and I get quarterly refund gift cards directly from HD.

Coming from the Institutional/PERE world, I'll try to be helpful in letting you know what market rate fees would be for potential investments you might make in MF.- Acquisition Fee: 1-2%.