I have lived in NWA for almost 20 years and love this area! 

My answer assumes that it used to be your residence for at least 2 years after which you rented it for 2 years and never moved back in before selling it.

Job situation currently:Quick background, running an IT business for 3 years now, makes about 150-250k gross per year, struggle to find the right employee to help so it takes my time m-f 8-5. 

Looking to buy a brand new house 2023 price is reasonable and charging 0.8-1% of purchase price is do able..my question is financing real estate but my first property is almost paid off and has been an uninterrupted rental for 7 years thankfully 90% paid off, cash is tight...could take out loan against CC at 4% flat to pay off house then maybe leverage paid off rental (private mortgage)?

And was talking to my sister who is renting in Charlotte she was getting ready to move at the end of her year to year lease and gave them a 30 day notice.

Last year I had a similar situation with solar city and they were very cooperative.

Let’s say hypothetically the P/I is $8000, the property tax is $30,000 (divided into 4 payments), and insurance is $4000 (one time a year), and the expected random maintenance  is $2000 annually? 

While that is good for lenders, since the process can possibly be less than 30 days, while other states could take years. it's a hazard for 2nd lien position holders who could not be informed quickly enough to safeguard their principal before the senior creditor forecloses or don't have the capital available to pay off the 1st lien holder to preserve their loan position and avoid foreclosure. 

In your case this could mean with a 350K purchase price and a 75% LTV loan of 262,500 your prepayment penalty on a 3 year step-down option would look like this 3,2,1, meaning that in 1st year it is 3% of 262,500, 2% in year 2 and 1% in year 1.

Yes it's come a long ways in the last 6 years and happy to have you back!