I know that going on the loan in my own name would allow me to put more loans under my belt in the future before we get married and become one unit. 

just wanted to say Hi to all of you, I'm based in Dubai and have my rental property running beside my employment job (still not retired).I'm available for any inquiry about Real estate market in Dubai as a friend.

However, you're referring to Fannie Mae's 5% down loan program for OWNER OCCUPIED 2-4 unit properties.

If not - you are bringing cash to closing just to get out of the loans you already have.

If your loan was in fact an FHA loan when you acquired the property, that may be what you're running into. 

Looking for advice on whether I should take out the equity, or seek another type of loan.

Looking into cash-out refinancing and DSCR loans and all of that but I'm getting ahead of myself as I don't even have the 1 yet lol.Nobody in my family has any experience with this sort of thing so I'm just hoping someone can give me their opinion on if this investment makes sense.The home is currently being rented for 2900 total (all tenants are month to month and have been there about a year each) and my monthly costs would be 1,200 included taxes, insurance, mortgage etc.I am considering putting the home on section 8 because the fair market rent would make my monthly rent 4k+ but I'm weighing the pros and cons on that avenue.From what I understand the biggest costs to me as a home owner would be a new roof or fixing the pipes for any reason..

I’m assuming you can only have 1 second home loan at a time?

We leveraged the land and got a bank loan for $1.6 Million.THESE DEALS ARE OUT THERE!

In our market, it's better to pay 30% down to secure a loan.