The cash value from the policy will the collateral that the insurance company will take if you don’t make payment on the loan taken out.

The first lien is has the highest priority claim to the collateral's equity.

Contact small, local banks and ask for the commercial lending department and ask if they keep loans in house, so that you can continue to purchase homes at fairly good rates, without worrying about the limit.Make sure to ask how they figure out DTI and make sure they use the rental income to offset the debtAnother option could be to use a few of the homes as collateral and try to get investment HELOC's or Line of Credit (terms aren't great though, so I generally stay away from these options). 

DSCR is for when you can't qualify on your own and want the rent to be the collateral (in very general terms) and when you are house hacking, you want the low money down.

Technically free and clear, however it is collateral on my other property, but the bank is ok with a sale so I can pay off the loanif loan is so, what is the balance and payment?

The seller would have to carry a very large second mortgage and this point will stop many deals in its tracks... but it's not impossible and it would definitely work if you can get the seller to agree to carry a large second.The other high LTV scenario would also involve a hard money lender and instead of cash we can cross collateralize with other real estate you own assuming there is sufficient equity in said holdings.The challenge in this scenario would be the cost of the hard money... it may be workable on the 140 units, assuming you are getting a good enough deal on place.

If you're developing then seller finance the option price, the note is a liability even if you don't take the option, you still owe it, toss in some collateral.

Do you have other collateral to stack debt against?

A property owner gives a mortgage to a lender as collateral to secure the sums loaned.  

If your property appreciates, you build up equity, your leverage decreases and consequently, your return on equity too; when some properties have greatly appreciated it may be time to do a cash out refinance or use that equity as collateral to serve as downpayment for another investment