It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.Happy to connect to discuss further. 

Nice to meet you Derrick, glad to connect and discuss further.

But considering all the expenses (PM, leasing fees, cap reserve, maintenance, taxes, etc), it has been showing as negative cash flow. 

As the appraisal indicates a lesser value, you might discuss a price reduction with the seller.

Had one the other day immediately start badgering me over application fees and having to provide references.

I'm a licensed general contractor and we prepare bids for a fee if it's a service you need. 

As a financial advisor and professor of finance, I want to provide a more detailed analysis of the use of whole life insurance as a funding source for real estate investments:High Fees: Whole life insurance policies often have upfront commissions that can be as high as the first year's premium, and ongoing management fees.

@Benjamin Amaral, if you haven’t yet, you need to have a frank discussion with your GC.

His only fees would be the bank fees on the refinance? 

Personally, I'd charge an early termination fee and find a new renter.