To make matters more complicated, one of the tenants is a corporation and their accounting department has indicated that they would require the lease to be cancelled and have a new one drawn up. 

Just about everyone of my lenders require an LLC or Corporation.

I also did IMN in Chicago and found it to be mainly corporate employees and not a lot of independent investors 

@Jay Hinrichs - I should mention that my background is in account management/outside sales in corporate America.

First American Title Insurance Company preferred always kill it on my deals.

@Evan McLeishIf your only source of income is from your rental properties in the corporation name then yes for sure get started paying yourself so that you have that T4 Income. 

Individual loans under a single LLC or corporation would a bit of a pain (6 appraisals, 6 closings, etc) but easier to do from an underwriting standpoint. 

All the floors that you've shown us here are solid American white or red oak tongue-and-groove, 3/4 in. thick, 2 1/4 in. strip flooring.

I have also rented from an Owner who was living abroad in Australia for almost 5yrs, however I had personally met with them when going to visit the property and we agreed then an there,  They had never utilized the program before and in fact had only ever rented as a Corporate short term property,  Needless to say, I stayed there for 5yrs until they sold the home...

Apply that towards paying the balance down too.Do both of those things, and >90% of refinances will not leave you unnecessarily more in debt (in this case it's a cash out refinance, so it can't be avoided).Do most Americans do those above two suggested things, or do most Americans take that money and go buy shiny new objects with it?