Would I be able to take out a mortgage in August then another before December?

I was talking with a mortgage broker today and he wasn’t sure if that was possible or legal.

(This is how many mortgage-reduction plans work.)  

Is this true everywhere or is it possible to provide a private lender with a 2nd on the mortgaged property as collateral?

Take a look at below options and let me know which might be best. 1031 would keep 19.5k in additional deferred taxes to be used for new possible property, but easier said than done.option a: 1031 into another SFH property for 175-180 range with a mortgage and get mortgage for remaining amount. 20k mortgage seems like a waste.option b: eat the 20k tax and use a straight sale of property.

Paying off a rental property mortgage is the most expensive route to cash flow.

The current mortgage is $1486 and it is being rented for $1600 with property management fee of 10% ($160).

Does anyone have a list of banks that offer a HELOC as a first lien mortgage for purchase?

I’m refinancing the mortgage and the loan is in my name.

It’s also in a city I know very little about (Norfolk, VA) here are the numbers- I welcome your thoughts/ insights:$259k - sales Price (4- unit building fully occupied)$1460- total mortgage payment (after 25%) down $305- Property Management Feee (10%)$105- trash (total water is $315 p/m but seller bills water to tenants and has it written in the lease)$60 - lawn careTotal rents are $3050Owner says monthly expenses are low.The best case scenario is net income of $737 assuming $400 extra monthly expenses (for worse case scenario unexpected expenses which always come up) and assuming all the tenants pay their rent.Positives- - Seems to be a good cash flow if expenses are kept low and everybody pays- 4-plex is located in an 85% residential area- building is ok condition (built in late 70’s) except roof is 18 yrs old- all tenants are gainfully employedConcerns- while the neighborhood visually looked fine, according to crimemapping.com its a moderately high crime area.