But after going to the bank that I normally deal with, they said rates for investment property will be around 9%.

The disadvantage is the rates will may be higher than a Freddie/Fannie-backed loan that you get in your name. 

Maybe you have this buried into maintenance.Your cap rate is not correct.  

If you'd be willing to connect,  let us learn from what you've got going on, hear what we're looking to get started with, and see how we can support each others investing goals, please drop a line here, connect, or message directly. 

We used to do a 3 night minimum stay on weekends, and then would drop the rule if it was less than 5 days (i.e. last minute booking). 

Different rate environment, but the rent-by-the-room is the quickest way to buy and save toward the second, third, fourth. 

Typically, when I'm buying, I do not pay for any of the closing costs, except for items which are pro-rated (I pay my share and the seller pays his) and I pay half of the title company's closing fee (which in Nevada, is about $300 per purchase I make).

Since the interest rates are lower, try the VA Interest Rate Reduction Refinance Loan (VA IRRRL).

At least check the rate of the 15. 

If you were both two members in an LLC, which is very common, and you wanted to go separate ways, which is also common, then you would probably want to go through a "drop and swap" process.