I see vacancy rates going up and rent going down in the next few years, along with depreciation.  

You may find that what you own already works just fine, or that the yield on 400K is less than current CD rates.  

The other brokers meet the requirements (time, education, etc.) but are still working under the primary Broker.

It will pay off the lien and the first mortgage and the rate will be cheaper than a cash out refi.

You should research STC rating options.

These forums are a great place to learn and meet people, whether you're just starting out or you're a seasoned investor.

Both provide better services and better rates than banks.The usual credit application for a mortgage will want to see 3 lines of credit at least 6 months old and preferably 12 months old.

With that being said, I have shifted my focus to multifamily and apartment complexes outside of our state and/or across the state in hopes of leaving behind the outrageous insurance rates.

Although from what I read, State Farm is rated highly for rental units. 

•The Notes will have a stated, fixed interest rate, ranging from 7.50% to 9.00% depending on the series of Notes purchased.