So you might have a liquidity problem.The other thought is, if you're in Boston, you don't have any special connection to this town (e.g., you have relatives who live there), then since you're going to do Long Distance investing, my thought would be, why not pick a place where there's some kind of trend happening in favor of that area.

However, banks can call the note in times of extreme circumstances so be aware of the risk and conservative in your debt management, liquidity, etc.    

Your 2nd loan would need to be a different loan product

Rich Dad, poor dad, e-myth, millionaire real estate investor, you name it.A little background on meI went to NYU for engineering.

Your net worth didn't change at all, you have $50k less equity and $50k more liquid.

The rates run about 1.5%-2% higher than residential. e. g. 5.5-6% for best everything, higher depending on factors. 

Calling, reading, e-mailing, second-guessing all my research until I finally JUST DID IT! 

In my limited experience the bank data is for reconciling against the data you've already modeled in QBO through invoices, bills, and recurring transactions to automate their production, generally speaking the bank data isn't a source for that info, that's at least the mind shift I had to go through.

You need to make sure you can refinance out into a favorable mortgage product.

The owner really wanted to liquidate his portfolio and I was able to negotiate owner financing with 10K down and interest only payments with a one year payback period.