Id go right into looking at local credit unions and small community banks for HELOCs (lines of credit) so you can have a lower blended rate and draw/payback as you please.For the 3F - Since this is free and clear, you would only be looking at 1st position options here in the world of financing.

We consider background checks and credit checks only good for 60 days. 

Leveraging a HELOC (home equity line of credit) could allow you to invest in multifamily without completely draining your savings.

When you go to a Bank or Credit Union, they can only offer you what products that bank or credit union offer.

House HackAttend as many REI meetups as you can to grow your network of investors for referrals, help through challenges you may incur but don't have experience with, and learn from proven guest speakersNetworking app like blinq to compile all of your contacts for REI in one area with phone and emailbegin conversations with local credit unions exploring what type of loan products they offer

Credit Union, Brokers, Banks (all have different advantage & disadvantages). 

Zandi said the added cost would be even greater for Americans with lower incomes or credit scores."

Credit unions, banks, mortgage companies and private lenders.They all had the same answer.

I would look at it in terms of whether you can afford a worst case scenario where you're covering the deductible and have a credit line or cash to front the re-build cost and getting reimbursed from insurance afterwards.

Depending on local regulations, you can mix up STR/MTR/LTR. 2) Get systems in place in those exact cities; 2 PMs preferably via NARPM, 2 high quality inspectors, and rotating book of handyman, 1 lawyer, and a credit union contact for leverage along with investor friendly nationwide lenders.