Landlords who want to cater to a graying tenant base might want to keep these ideas in mind if they want to make their rental units senior friendly.The cost of any health care plan is high and premiums increase each year much faster than the rate of inflation.

Unless you're already bankrolled, you're really not in a position to do this yet.

I thought it would be less expensive and faster.

I suspect this is in error if you are thinking about CCR (cash on equity, really) - cash-on-equity return generally DECREASES every year, as your equity increases faster than your rents (your net annual cash profit divided by the equity in the property - calculate this, its likely very small if what you say is correct). 

Also, a foreclosure is typically faster, and of course more effective, in resolving these situations.....with a deficiency judgment against the borrower afterwards, if warranted and allowed by law.

I had the idea of buying fourplexes so it wasn’t too much to take on but faster than a SFH.

I’ve never refinanced anything before so I’m not aware of what would set me up for better and faster success down the line. 

I usually use conventional loans but I need to close faster than that.

So, if you pulled the cash out now would you have a better place to put it where it would grow as fast or faster?

Faster re-pay, better rates , etc., so you might want to clarify, #1 & #2 first. 3) Structure a good deal for everyone, I like something with an exit strategy, so maybe a 30 year amortization, or 25 year, interest and principle, and a good rate, maybe 4-5 percentage, keeping in mind #2 and #1.