I believe you can do a conventional cash out refi with your ownership interest functioning as the down payment.

You can potentially get a payment plan but that would only be on owner occupied asset.

The Fed will eventually allow interest rates to fall, and all that extra interest showing up in your payment calculations will shift back into the profit column (where it usually hangs out).  

Rates are still historically low, and I’ve seen with clients refinancing they may have a higher loan (from pulling cash out) but their over all monthly payment is comparable to what they are used to because of the lower rate.

What banks do you guys like for this method?

While an FHA loan with its low down payment might seem attractive, it's not the best fit for a rental property in Jacksonville.

If there isn’t an appraisal report for your property, utilize one of the other methods discussed below.Comparable SalesIf an appraisal report is not available or feasible to obtain, you can analyze comparable sales on land that is raw and undeveloped in your location.

For example, can you shut off the payments if you are moving towards eviction?

Seems to be a solid method of investing (assuming it is done correctly, that is).

Multi family you can get as low as 50k/unit for something decent. 50-125k/unit is the general range for prices to still have positive cash flow from day 1 with your typical 20-25% down payment. 1-1.5% rent/price ratio in most cases.