I would prefer for the properties to be located somewhat close to each other as well.

Here's the thing if you are removed from the requirement (to a flood zone X for example) we can write for you a Preferred Rate Policy (PRP) which is around the $550 for a primary residence and $750 for a second home. 

The challenge is I am not a big enough customer that I feel pushing them in this manner is in my best interest. 

Looking for the best way to scoop up this next property using the equity, preferably without putting our primary residence in the mix.

Some tax pros prefer to continue issuing 1099s anyway to be on the safe side.

For those of us who may prefer an adult beverage while we talk RE, I checked our Sam's Boat in Silverlake Village yesterday afternoon at around 2pm and they have nice covered deck area where we can chat.

You are a paying customer! 

It's a newer property vs. most in the area so tenants apparently prefer it for that reason.

Preferably at a minimum I would like to be able to pull out my initial investment of 25%.Appreciate everyone's help!

I'm not a big fan of condos, but its a personal preference.