Trying to finance Rental property

[NA Jones]

A little back story...

I am attempting to finance a couple rental properties. I have an older friend that is trying to cut back on some of his properties. He is selling them to me with a cap rates around 15-20%. I have managed to acquire 4 of them through 2 personal loans, a few bucks of my own, a land contract, and a small loan from family. They will all be paid off in 3-5 years.

I have a similar deal in the works and I started communicating with a couple banks to get the ball rolling. I am about to move out of my house and rent that out as well. Before I do that I would like to refi and pull out 50k in equity. Then I want to use 24-26k to put a down payment on a 120-130k house. Take the remainder and attempt to get a 30k loan (totaling around 55,000) and purchase a couple more lower end properties but all will produce some cash flow.

Questions:

1. Are there any better ways to finance 180k 2. is it possible to use my house as colorectal to get the 30k personal loan (that close to a refi and home purchase or are they separate entities?)? Dept to income ratio is around 13% after the deals were made it will jump up to around 19%.

Thank you for your input!

G