Quote from @Michael Nguyen: I recently started a real-estate business with two partners and friends.

We are going to see if the property has any liens but we were also told there might be a waiting period of 24-36 months before we would be able to sell/refinance as required from the title company.

Also at this time in 2020 the property owners filed a Complaint and brought a QUIET TITLE Action Motion for Summary Judgment against the 1st lien Mortgage Note holder (remember originally was a Subordinate 2nd lien that then slid into 1st lien position when the 1st lien was paid off in full around 2014).

I'd call up my local title company and ask that question.  

I am not sure what the exact circumstances were that led to this on their end, but I would definitely NOT recommend doing business with them.  

Hey Kim,It sounds like your business is growing quickly, and structuring it efficiently is key!

Two quick moves: talk to a few lenders about a cash‑out refi vs a HELOC on the paid‑off rental so you know terms and seasoning, and keep the title simple for now rather than rushing into an LLC, since financing options are usually wider in your personal name.

Long-term, I definitely aspire to own a portfolio of my own rental properties, but for now I’m 100% focused on mastering the management side of the business and adding real value for owners.Thank you in advance for any wisdom, resources, or encouragement you’re willing to share, I’m all ears and ready to learn!

Quote from @Erik Estrada: Quote from @Jason Wray: Erik,I am not sure and would never talk in a bad way about any business unless I used them but in the last 8 months I have had several customers reach out to fix what they could not accomplish on really basic overlay issues.I have been seeing a lot of these other AI type LOS type companies drop the ball during the electronic Approve U style 1003/1008 deals that lack typical DU/LP findings.Back in the day we would target this type of company data to reach out and either help on the 6-12 month refinance or the aged leads.   

@Clarence Henry benson look me up - we have our meeting tonight for the Michigan Real Estate Investors - I will be there - LOTS of connections for you if you are serious about Detroit, Property Managers, Title company, wholesalers, rehabbers, contractors, etc......