We ask simply questions, like were they late, did they have lease violations, outstanding debt and would you lease to the tenant again.

@Doug KirkTo own 8-10 properties in 3-5 years, consider aggressively buying multiple properties or starting small and paying down debt quickly.

Taking the market rents, accounting for a 10% vacancy, the debt service, PM fees and everything else, it seems like I should be able to cash flow about $600 for the 4 doors combined.

Our mortgage is our only debt.

Unseen, I take the helm at night,Assuming debts without the light.The creditor remains unaware,That obligations shift elsewhere.A stealthy move beneath the moon,What method makes the shadows swoon?"

I furnished them from estate sales and local furniture shops, and the furniture/sheets/towels become damaged over time and need some care.I have a PM manage the remote houses, and they cash flow just fine, the PM handles issues that come up, and they paid off the debt on them once.  

80 LTV should be doable as long as it's debt servicing.

If it was unforeseen medical debt, and you've made progress in straightening things out, you might find a private lender to work with you for an eye-wateringly high interest rate.

Probably rambled a little too much there and went off topic, but I just wanted to give Thomas Gagnon and Patti Robertson for giving those good answers.

Hello Everyone,I was talking to an investor in regards to financing and his suggestion was to get a 500k loan to put towards all current debt, but wasn't sure all the factors that may be implicated with going this route.My current portfolio has 2 properties (1 LTR, 1 MTR = 370k), and current debts: HELOC at 54k and a vehicle at 40k.