You should be using that calculator to analyze your deals.If your objective is to recover all your cash to use for the next deal then you need to change your method of calculating/analyzing these deals.  

For the benefit of BP users, the key is finding an experienced broker of real estate securities that can advise you on different options after learning your financial objectives. 

You may want to consider that the interest rates are continuing to creep up, and in 6 months they may be higher than they are now as a result you may want to hold out a bit longer on the refi. make sure that the deal at whatever rate you choose meets your financial objectives just incase you cant refi for whatever reason at the time that you initially projected.   

What is your objective for this property?  

These can be summarised as follows:What are the objectives of the joint venture?

Is your ultimate objective to sell off all of these park-owned units?

Sounds like others have given you ample opportunities within your market to reach your financing objectives . 

You are hereby notified that you must object in writing to this deduction from your security deposit within 15 days from the time you receive this notice or I will be authorized to deduct my claim from your security deposit.

The objective of the campaign is to purchase buy and hold packages of single family or small/medium multifamily properties from these owners.  

@Michael LaVan It depends on what you consider hot and what your investment objectives are.