Those companies often advertise larger amounts of LOC available but are more often limited to newer borrowers. 

Now you can grow and limit your use of debt but you are severely hamstringing yourself.

Just because they're investors doesn't mean there weren't life changes (divorce, job loss, etc) that led to the place being in poor condition now.Good luck!

However, if it makes big financial sense to refinance within 6 months, maybe can I even pay some penalty voluntarily to make up for the loss of the original lender?

Jeremy,The difference in the cost is probably reflective of a difference in coverage or limits. 

The location I am looking in is in a low income census tract so there is no income limit.

My last lender pointed out that if you reported significant gains or losses on a K-1 he would want to see those returns anyway.

In such an instance, only the seller could bring a claim for loss or damages under the policy that was in place at the time of the damage,as the buyer would not have standing to bring a claim as it did and does not have an insurable interest.

I am not interested in traditional bank financing since it does not line up with how I plan to expand or how I've met with my limited success so far.Quadplex is assessed at $275,000 and I collect $3,200 a month in rent.

I always want it in place so I know what the terms and amount limit will be (75% LTV/up to $$$$).