I should’ve mentioned that we currently have a 6.875% rate and just looking to refi into a lower rate because we want to take someone off of the mortgage, came across someone who offers a lower rate and curious if anyone else can match that rate.

Over the years I became more and more involved with some of those people and as an adult started taking them to lunch to "pick their brain" (Not my favorite term but you get the point).One of these Gentlemen I have continued to meet with and give him updates on my business.

Is there any interest out there for investors to attend a meet up in the North West burbs?

Question 2: In going through the eligibility test, the only part I think I don't meet is Step 3--Residence, which requires 24 months of residence over the past 5 years.

I am not sure what to do, since I cannot create new companies for insurance options, and do not expect those prices or interest rates to go down anytime soon.

In fact, I would be extremely interested to know what the conversion rate is of this criteria.

Most Veterans fail to refinance their home because it has a low rate.

I like the cap rates and it's very attractive. 

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

I would also advise looking into a commercial loan where you do a "Blanket loan" and consolidate 3-5 properties into one (1) commercial loan that does not report to credit.If you refinance to take cash out the rate will be higher but rates will be back down in less than 3 years so its not a long term rate change.