I'd agree with the above commentators - a Cash-Out Refinance loan with a local DSCR lender is likely your best bet

If a company is not being totally transparent from the start, you can bet there are going to be some more surprises down the road.Best regards,Jon

They may have bad habits you might not want to pick up.Check out this detailed post about wholesaling for beginners I just made yesterday.

Having your 2 paid off properties as collateral has no effect on how you operate unless you do not pay ,,,, and I'm betting you did not get one paid off and the on its way by not paying.

You may have a somewhat thinner applicant pool due to the traffic considerations, but I would bet you'll have good demand. 

While it probably will happen, I wouldn't bet on continued appreciation and clearly nowhere near the recent surge rate.Consider South Central LA.

If you hold a property for a few decades and the area magically gentrifies into the next hot neighborhood, then great, but that's a miiiiighty big bet to make.

I am going to bet that Navy Federal will be on the look out for these sorts of things and could call the mortgage due.The worst case for your plan was to break the law regarding STRs after a year?

I am not certain, but I bet that this is not true if you own through a C-Corp. 4) Entity formation is a pain in the rear, will complicate your life greatly come tax time, and is expensive.

@Travis Kemper Converting a garage into habitable space is illegal.