For example, years ago I refi'ed 3 loans into 2 --- so one property became free and clear. 

Short answer: No.It is very unwise to use credit cards, hard money lenders, or other high-interest loans unless you have the means to pay them off quickly.

There are other products in the non-QM space as well: bank statement loans, P&L loans, asset based loans, etc.

70% LTV is the highest for conforming loans.

You may be able to get a loan for the TILC if you have a signed lease.

Was also going to look into transferring my rentals lease onto a LLC, but if they were to call the loan due that would sort of hardcore suck.

-there's no issue with financing anymore, or a bank saying 'no,' as there is no limit to how many DSCR loans you can get. 

Also, you will assume the Basis in any real estate holdings which could have future capital gains implications.Pros.This is a great way to take over an existing loan subject to that would be really hard for the lender to claim due on sale default.

I typically opted for roughly 3 draws per deal, just to limit draw costs.Also, all of my lenders charged me interest on the full loan balance at closing, even though I hadn't drawn the whole loan (which annoyed me, but I get their perspective).So really, in my experience, I didn't find any to be "better or worse" they all seemed to have their own trade offs, i.e. more general accounting was easier for me, but higher draw cost.

A DSCR loan wouldn't work in my metro.