My current credit score is 650. 

This allowing the finances to update and improve the condition of the other 5 homes.

Cozy bought by Co-Starof course they say no change, but hopefully they’ll continue to improve.

Cozy bought by Co-Starof course they say no change, but hopefully they’ll continue to improve.

1. most banks/ credit unions are telling me I have to wait a minimum of 6 months after closing before I can get a cash out refi..

You might also want to keep an eye out for certain cities that have planned large improvements such as new schools and stadiums as they will spike up the tax rate in a higher percentage than typical.

You should do whatever refreshes your cash/credit pool the fastest so you can move on to the next deal.

With current LTV, the credit union says we have been approved for approx $48K.

If I have an LLC with 3 partners and we buy a $99,000 house, do we each get 33,000 on our credit?

@Kevin Uzelac If you want a long term hold, you need long term funding which will most likely be from a traditional lender.Start checking around with local lenders as well as national lenders and credit unions to see what it will take to qualify for funding for rental properties.