I'd be happy to help set you up with an estate planner to ensure that this goes smoothly for you.

While two reps from the same firm will quote you the same rate, their ability to execute the loan can be night and day different.In regards to pros and cons ... think of the lending world as falling into 3 primary buckets: 1) traditional banks and credit unions (ie, Wells, BofA, Chase, etc), 2) mortgage banks (ie, Caliber, Quicken, Fairway, etc), and 3) mortgage brokers.Traditional Banks: (they do loans and hold deposits)Pros: because they tend to do such a large volume of loans, they are able to offer low rates ... they have the ability to do portfolio loansCons: very slow turn times - if you need to close quickly, they're generally unable to perform ... they tend to use national appraisal management companies and appraisal issues are common in competitive markets.Mortgage Banks: (they only do loans - no deposits)Pros: have the ability to close loans much faster - some of the local mortgage banks that we work with on purchases will routinely close loans in less than 14 days ... they often setup their own appraisal management companies and are able to improve the appraisal quality by ensuring the use of local appraisers.Cons: while they should be very competitive with their rates, they're not going to be the absolute lowest ... portfolio loans are generally not an option - they need to sell their loans right away so they can get that money back to lend it out again.Mortgage Brokers:Pros: they will have access to a bunch of different lenders and loan products, so they can submit your info to whichever one is offering the best terms at that moment.Cons: they have no control/influence over the underwriters or the timeframes ... they're generally forced to use national appraisal management companies, so appraisal issues are more commonHope this is helpful and good luck with the refi!

If you get a great price take on a challenge, but make sure you have enough margin to ensure success.

In addition, although you are lucky to find a cash flow property, since the probability of appreciation is very low, and the escrow transaction and realtors commission fee to sell a property is high like at least 10% (not including tax), in the about declining market, cash flow properties buyer are stuck with the properties for at least 10 years to ensure that it won’t be a loss bet.  

Everything they promised during my initial visit has so far been kept and delivered.After closing the first property in Nov I also got the property management agreement in place, which include a clause that ensures I will be paid the agreed rent for each property even if the TK company can't find a tenant right away.

Plus, you must own that property for five years before putting it for sale to ensure you enjoy the benefits of section 121.

I am ensuring to take my time when learning the ins and outs of real estate investing and the different types of strategies available. 

You are being paid to ensure someone has a roof over their head.

Too many better options to ensure things aren’t ‘lost in the mail’All my tenants pay their rent automatically online via Cozy (though there are many similar alternatives).

The repairs and upgrades would ensure an upper level rent for the area ($1300-1500).