The 3% mortgages have MORE servicing value for the opposite reason, these ones aren't likely to be refinanced any time soon, and the market thinks they are less likely to be paid off via home sale to boot.This isn't about your or my crystal ball predictions for inflation and interest rates, this is about billions of dollars of real life bets being placed on Wall Street and by big banks.There's another reason big banks are valuing these low rate mortgage pools: Thanks to some deregulation that happened, they get to use the escrow accounts as "deposits" for the purpose of fractional reserve banking.

My purpose is to increase reviews and ratings for my business.My LLC is for wholesaling and rental portfolio business.

Somewhat confused here, how can a property appreciate,  yet one can claim depreciation for tax purposes.

So, believe it or not, there comes a point in time where for tax purposes you find yourself focusing more on deductions for repairs you can take off your taxes.  

I called a well known mitigation franchise, for the purposes of COMPLETE anonymity, I'll call them "MervCrow water mitigation". 

Recently sold comps are what you use.The Heloc will produce the same result.  80% of property value minus amount you still owe (80% x $600K = $480K - $477K = $3K).Therefore, currently your best option would be a LOC.As for your last question I think I already answered it.I agree that the refi may not be his best option for cash out re-finance purposes for the reasons illustrated, however it may still be worth while if he is able to get his rate and payments down significantly from the FHA rate he is currently paying.

They likely bought the house for the purpose of hanging on to it for 15 years or longer. 

Simplified Scenario for example purposes:1) Sell for $700K with Mortgage of $300K2) Buy 1 property for $300K and $100K down3) Buy 2nd property for $300K and $100K down4) After fees it nets me $100K cash that I take outResult: I cover my minimum mortgage threshold by $100K but I fall $100K shy of Minimum Purchase Price AND I take out $100K in cash.

I'm a practicing attorney myself, but I purposely avoid handling a lot of real estate transactions (ironic, isn't it?)

So, for example, if you want to donate land to a church you can do so on the condition that the church will only use the land for religious purposes, and if they don't then the land goes back to you.