I’m a huge believer in never using your own money to buy and I’ve never borrowed from a bank to buy a house except my own residence.

Now what will you tell the bank when they ask you if the 20% is borrower money?

We paid half down and borrowed the other half with a 2-year short-term loan. 

I was recently quoted as low as the high 5%'s on a FHA loan for a new primary property..these are attractive borrowing costs in comparison to the comparable costs of renting a similar property profile. 

You can do everything from strategizing your incomes together or individually and loans jointly or loans borrowed jointly to maximize the 10 total financed properties.

@Phi Tran if the borrower pays until maturity the note holder will never see appreciation of the asset.

if so - are you wanting to borrow just  enough to pay off the loan and cover refi costs  or  are you wanting to pull out more funds over and above the loan balance ? 

But the borrower wouldn't cooperate, things dragged out, and the AG started making vague threats.

You borrow only what you need and pay interest on that amount.

He then proceeded to tell me that while he appreciated my expertise, he would NEVER borrow from me because my rates were 1/2 point to 1 point higher than competitors.