Additionally, we are not asking the limited partner to have a "job", that's the beauty of it.

There are other options, but that's going to get you the best rate and terms.  

Typical premium rates for high wildfire risk areas are double compared to normal.

@Daniel Dietzfrom my perspective it does seem smarter to take advantage of these record low interest rates. 

The refinance I am pursuing now is much larger so even a .25% difference in rate is huge.  

I would also like to work with an individual who will stay organized and be continually shopping to find me the lowest rates for my personal and future rental properties.

So if you purchased it at 185K and your rent was 2400 a month than in a perfect world your yearly income would be 28,800 which would give you roughly a 15% cap rate(cash on cash).

With a limited budget using a targeted list can help you "save" money.

Perhaps you try conventional financing with 20% down and around 5% interest rates.  

"Effectively, borrowers will be tested against their ability to pay their mortgage if actual rates were as high as the Bank of Canada's [reference] conventional five-year mortgage rate, which is currently 4.64 per cent."