Max rent for BRRRR cashout refi or just rent it ASAP?

[Bryan Huntington]

Hi everyone,

Im remodeling a 4 bed 2 bath duplex to make it a 8 bed 4 bath (4:2 on each side) and just finished one side. Just about to rent out the one side and start remodeling the other side. The goal is to ultimately BRRRR the thing. On the one hand I want to rent it out ASAP knowing that losing 2 months of rent isn't worth trying to squeeze an extra $100 or so of rent per month. BUT higher rents could mean higher appraisal and higher cashout refi. Therefore, would it be worth it to try to hold out for higher rents for higher appraisal? Or it probably won't matter and just rent it ASAP at perhaps lower rents? It is a duplex so the appraisal process might not take rents into consideration since it's not 5+ units?