Also, based on your experiences, does this seem like a wise investment for my REI goals, or am I running headlong into trouble?

Hey everyone,I have a  question in regards to where to invest next.I currently have a triplex and am trying to decide on whether to focus on increasing its cash flow via removing my PMI or moving on to purchase another one.Someone recently stated they don't invest in rental properties unless they are getting an IRR of 15%, and they seemed like a much more advanced RE investor then myself so I am going to assume that my IRR is 15% on this property I have at best.I currently have PMI for about $150/month.

I have all the expenses and income listed out - but it seems the bank wants "proof" and I am not sure what counts as proof.  

I starting scouring the internet and bigger institutions and it seems the lenders doing HELOCs on investment properties has dwindled. 

On the house I recently purchased, I looked into an ARM but it didn't seem worth it.  

Hi, I always seem to have trouble with @mentions.  

So, I have what seems to be a weird question to me.

@Imran Raz The title work seems high on the loan estimate,  but it looks like the actual loan cost is $4,049.

If this seems like much go to your next local BP meet up plenty of help sure to be there or local REIA.

Seems to be fair and plenty of people do that.