I'm not exactly sure why but in some areas, this is the case (my properties are B and C class houses/neighborhoods) and it's not unique to my part of the world. 

Distribution in excess of basis, debt financed distribution, repayment of reduced debt basis (if S Corp) are some possibilities that come to mind.This isn't something that you can or should DIY. 

Look for portfolio lenders if they don't resell to secondary market they usually have more flexibility or unique loan programs.

She did offer to continue to repay but I think its just going to put them farther behind.   

I think the under current is going to be huge.Would you want to stay in a hotel for more than 3 days if you can stay somewhere nicer, funner and more unique.

The primary thing lenders are looking for is "proof of ability to repay". 

The MFH properties are a unique niche in and of themselves because you're not in competition with home buyers or big shot commercial buyers.

I wrote a fairly long post on helocs vs cash out refi ....I forget what forum I posted it in but I’d greatly appreciate some feedback from you guys on which option you would choose in my unique situation.

The position contracts are typically 13-weeks long, and I can either line the positions up back-to-back, or take a month or so off between contracts.I think that this type of work creates a unique opportunity with real estate and I am just curious as to what ideas people have for the types of mortgages I should look into, strategies for managing rental properties out of state or intermittently, or any other ideas or approaches I should look into. 

Hey David,When I meet with lenders they always want to know one thing, your ability to repay - especially if the deal goes bad.