I worked with a local bank that had extremely low costs to refinance so it was well worth it for us, but some bigger banks may catch you off guard. 

In short, if you are coming into the real estate business in 2023 you need to realize you are catching the market in the high / expensive part of its cycle.  

Your house is basically giving you this deal, except there is a catch -- in order to make that kind of money, you need to put up $860k cash upfront. 

Hey again @Sarah Miksa - I think doing another bath is likely not the right move - your cost will be significantly higher than just adding a bed and your roi will just take a while to catch up.

What areas catch your eye, what places do you see yourself visiting, what locations can you get so passionate about, that you'll make your property the best STR for miles around?

They got Do Kwon to go to Montenegro to catch a plane for Russia.

We hired individuals with construction and renovation backgrounds to inspect the work of our project managers in an attempt to catch flaws before listings hit the market.

Plus it's hard to catch a property in those areas in time, at least the ones that go to the MLS.

Another example where spring/fall inspections are a good idea.1) You can look for leaks and other indicators to catch problems before they get to be huge expenses.

If you are really doing that well and only intend to do 2 flips at a time, its kinda a catch-22 situation.