- Are there other lenders you’d recommend for refinancing rental properties that might have a smoother process or better terms?

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

The process protects both their system and users against fraud and aligns with banking regulations, especially given the financial data involved in property management.

That being said, the vast majority of mortgage products available (primarily DSCR) to LLCs are still going to consider your personal credit in the underwriting process.

@Shawn Questa I agree with you that there could be some opportunity here, but personally, with that little equity in the property, I'd wait for the pre-foreclosure process to start and  perhaps you can do a short sale (though I don't know the details on how that's handled in TX).

Cut your losses the first time they miss a payment and start the eviction process.

Do you use any tools or services to automate the process, or is it something you manually handle?

If  you chose to sell, there are a couple things you could do to proactively make the 1031 process much easier. 

Neither do I, thats why i was asking the process :) Any education you have on Sub To?

Ask the manager to explain their process for dealing with maintenance, late rent, evictions, turnover, etc.