Getting them rented will help with the refi.Just paying of an existing loan will be easier than if you need cash out.If you bought them cheap, fixed them up, and want to use a new appraisal you may need six months seasoning.

After glancing thorugh this thread, there appears to be some bad information.A fornesic loan audit is not the process of having you or your attorney tell the bank to "produce the note" which some have done to stall their foreclosure process.Rather, a fornesic loan audit (at least a real one) is where an experienced attorney goes over your loan documents as well as the appraisal documents and idnetifies (if they exist) any violations in the TILA (Truth in Lending Act), loan fraud, appraisal fraud, RESPA violations, etc.

The same is also true if there is being remodeling done to an existing property that amounts to over $10,000.

Homebuyers are making sure that the house they are buying is worth the funds that they will invest, particularly if the home considered is already an existing structure or a foreclosed home.

(B) Licensed contractors or material suppliers to correct the violation of any statute, ordinance, or regulation relating to the habitability of the premises

I feel like I am stuck because I can’t buy any more properties (except for seller or creative financing) and can not refinance any of my existing properties because of the 4 loan limit.

The basic idea of a lease option is pretty basic but the details are what will make the experience good or bad.The way that I do lease options and the most successful way I have experienced is to lock in the sales price, give a 3 year lease, and require the tenant to make all repairs.The other thing you are talking about is purchasing the home "Subject To" which simply means subject to the existing financing.

I thought about asking instead for no interest seller financing with a balloon, perhaps subject to the existing note, but that puts me in the position of owning an at market property and I'm not really into that either.

What are the terms on the existing note?

I have taken intensive college classes on Tax & Legal strategies, using Self Directed Retirement plans to invest, Wholesaling, Short Sales, Tax Liens & Deeds, Rehabbing, Subject to existing financing, Seller Financed Notes, etc.