So, I would suggest either refinancing your loan, or taking a Heloc off of the property you own and get that equity to work for you in another property.

For those who have experiences of renovating and refinancing an apartment, what are your return rate?

It sounds like you have several years left on the loans, so I would just stay on top of refinancing them as they get close to term.

I’ve bought a multifamily on lines of credit and have the deed free and clear .. just waiting to brrr it in 8 months and use the refi loan money to buy another multi free and clear  

Here are a few for you:Pros- Online account access- Online payments- Prompt responses to e-mails and voicemails- Good criminal background and credit checks- Actually calling past landlords, employers, etc.Cons- Charging a credit card processing fee- Lack of advertising (e.g. only posting the rental on the company website)- Lack of communication during vacancies (e.g. not providing me with updates on repairs, tenants applications, etc.)- Only using in-house maintenance (e.g. if your one guy can't get to something for a couple weeks then hire a contractor)

If I can play that game online, I'm all for it!

I could HI Kevin,This transition that you're asking about above is extremely important to transition smoothly and plan for because it will ensure your subsequent VA use for additonal purchases.Once the current property is refinanced with a non VA loan this will free up your entitlement for additional use.The max conv limit in Ventura county Ca is 672,750 and the max loan limits for a high balance loan can go up to 95%.So what this means is theoretically you could refinance up to 672,750 loan amount with an appraisal as low as 708,158 dollars or higher before your loan is subject to jumbo/non conventional guidelines (much tougher to qualify for and has lower LTV's).The VA loan has some key features that other loans dont have:- a trade off of no monthly PMI but the upfront PMI is huge, equivalent to 2.15 - 3.30 Points (borderline hard money points).

Put yourself in the seller's shoes: if they have two offers on the table and one is from an unknown out of state lender (or national, faceless, on-line lender) and the other has closed tons of deals with your agent and is a known quantity, who do you think you'd go with?

@Toan Nguyen I recently refinanced my rental home and shopped Quicken/Rocket Mortgage, my credit union, and a “0 closing cost lender” and ultimently decided to go with Quicker/Rocket Mortgage.

Also using online income maps and the census website helps you analyze which area is best to rent in based on owner occupancy ratio, population growth, income, etc.Best of luck in your journey!