Essentially, your rate and term do not change, only the payment due to a sizeable paydown of principle. 

If you're using transactional funding, have paperwork correct and complete and have your transactions organized, it shouldn't be too much of a hassle to find a title company to work with.  

I'm screening for my first tenants and wondering essentially, must you always process applications in the order they are received?

Account Closed  yes you do have to work under a managing broker, but many brokerages are set up so the the agents are essentially in business for themselves as independent contractors, responsible for getting their own clients and handling all the details of their transactions.

I'd also like to back-up @Kumar Paj in that you need to get some paperwork done and be ready to go, which is what I did with the mortgage broker to get started on my first deal.

With a local shop, my main concern would be if they are up with current technology to facilitate doing it online or if they need a lot of paperwork signed in person, etc.

Start the paperwork now, but give them a chance to go peacefully. 

You are essentially doing a self- redemption. 

What we found is that you can get the documentation at no cost and with no proof of need, but our lawyer said as a landlord in Florida you're not obligated to accept the paperwork unless it's backed up by a doctor's letter.

The LLC formation process involves completing paperwork and filing with the secretary of state, paying a formation fee, and creating an operating agreement.