HELOC- a no go too high of DTICross Collateral- don't want to risk our only home (we have 2 small children)Cash out refinance- must wait 12 months with one time payments since deferment Sell property & use net equity- we want to keep it and turn it into an airbnb/short term leaseWe want to purchase a MFH or maybe wholesale is a better option for now.

I'm looking to take out some lines of credits to purchase additional properties, or use as collateral for a larger multi-family or commercial property.What kinds of setups have you guys had with lenders when it comes to line of credits in this type of situation.

That's why you have to do your due diligence on the property, taxes, collateral, and legal side of deals.  

In any real estate investment the land is what appreciates so if you don't own the land, even if you buy at a discount you may see your collateral decrease faster than the loan balance.

Meaning if the taxes are not paid and a TC is auctioned the bank then steps in to pay off that lien so there is no encumbrances on their collateral?

Oh yeah, I think requiring appraisals stinks but I can't think of another way to verify collateral which is one of the 4 C's of lending (capacity, capital, collateral, & credit).

When the promissory note is backed by real property an additional document, either a deed of trust or a mortgage instrument is needed to perfect the security interest in the collateral.

Use 65% or 70% collateralization as a basis, before you got called by your finance companies.8. 

I don't like lending on collateral that rolls hahahhaa. 

depends on the note really. if its a private note non owner occ.. there is no need for a servicing agent and you can take control.. the notes that have to have servicing agents are those with owner occ.. type notes.. ( probably the majority out there ).... but if your going to invest in notes you need to know how to collect your collateral.. so yes to your question.