Investor physician with strong income and low personal debt looking for solutions to refinance some of portfolio and pull out some equity for further investing with history of Foreclosure on personal property in 2012. 

If it's based on an economic hiccup you'll (to overgeneralize) have 1.) trouble with tenants paying, 2.) trouble re-renting if you have to evict, and 3.) maintaining tenant quality.  

I am looking for creative/low cost ways to fund a spec home and have a question about pulling equity out of my current residence.I have a newly built homestead house that was just appraised at $260k.

Example: if you are a flipper that wants to buy with low money out of pocket, then you would need to study that system and the private lenders market.

You want your tax assessed value to be as low as possible so your taxes are as low as possible.  

Because, as of now, the offer is going to be very low since I can't get inside. 

Inventory for small multi units is very low right now in north Chicago.  

The floor is from Lowes.

Prices for investments are really low here - you can buy as cheap as $500 per house, some agents just give the lock box code to their clients - so they wouldn't have to drive.

After much education and learning I have bought properties with low or no money down.