How to properly BRRRR

[Korey Scott]

Hey all! I have found a lot of potential properties around a new casino in my area. Some need work others will rent as is. My question and I know it’s a broad question, so I expect broad answers. When I do a rehab on a property and the end result is worth more than what I can get in rent, do I refinance it to keep it at the 1% rule? Or do I refinance for the full value? Or if the numbers make enough sense do I sell it? Any and all advice is welcome. Thank you for your time.