Both units are rented, and I have spoken to banks regarding a line of credit to use towards the purchase of another property.Community banks so far are not interested in giving a line of credit, but have offered refinancing options instead.My current rate on the property is 3.75%, so I'm not eager to move to a significantly higher rate (5.25%). 

Just wondering if anyone had anything good or bad to say about their process or product.

@Christi Hawkins  Much like the auto industry  do we think everyone pays the exact amount for a vehicle .. do we think someone who sits there and grinds away for 8 hours might pay a little less than someone not as familiar or as good as another in grinding the salesmen the manager who gets the hand off and the close.this is why I LOVE Tesla you buy on line price is the price for all of us.. and it takes exactly 3 to 10 minutes to buy the car.. its GENIUS.. and why its such a threat to big auto... if you have not been on the Tesla site check it out see how easy it is to buy a car.. the finance part is auto matic too just put in name rank serial number and your approved almost instantly..you do need to put 2500 down on your credit card then they configure and produce your car..

No real estate license and mediocre credit looking for any advice on taking my initial REI plunge.

Yes 100% if you qualify based credit, and experience.

Because this product, as long as you secure long term debt, will give you steady cash flow, appreciate, and provide a ton of great tax-saving benefits.  

He says all the seller wants is to save his credit and is 6k behind on his taxes.

My focus has moreso been on buying the right product that I can manage and mantain cost effectively.

4) With the new SALT Tax in place, how much tax credit can I claim?

If you are using any conventional product it will be a 6 moth seasoning.