There is a separate contract that promises proceeds over loan amount to our LLC at resale or refinance.

Thanks,Alison  Does your BF make enough that he might be able to refinance your primary residence just into his name?

I would like to refinance the home into a 30yr so I can get cash flow and the rates are looking higher now 4%-4.5%  The renters lease is up June 1st. 

But I met thousands of folks from all walks of life and I'll bet less than 20% were totally self sufficient on passive income. 

Then, all bets are off.My point is that the "lifetime deadbeat" thing probably is not appropriate until you look at the actual credit report resulting from the credit pull and see what's REALLY going on.My credit mentor says that scores get no one approved, but can get anyone rejected.For what it's worth ...

Property taxes ratios are very high in Kankakee,    are you looking for a realtor that will property manage for you also, or what is your plan for management,    your best bet in our area would be Bradley and some of Bourbonnais single family homes or apartment complexes.   

For BRRRR, a big risk is the eventual refinance appraisal, and those areas don't sell for as much as other parts of N.

Refinances are mortgages and count towards the total.

You could always consider a cash out refinance on one of your properties to ease your cash problems.  

If you do not have experience then the best bet is family. 3.