[Calc Review] Help me analyze this deal

[Debra Bennett]

I'm struggling to understand how I lose all of my ROI when I refinance. I understand the concept of the BRRR strategy but after I refinance for the higher amount my payment goes up so much that I'm now losing all of my monthly income.

Can someone with more experience help me to understand how refinancing for the higher amount is a good thing? I think I'm missing something.  I know that once I fix it up I can grab higher rents but not that much higher since this a University area.

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