A friend of mine picked up a duplex there last year for under $150K, added some sweat equity, and turned it into a cash cow.Chattanooga, TN: This market has been quietly making waves.

Once that extra rental started generating income, he realized the higher interest rate was just a temporary hiccup on the way to bigger returns.In your case, maybe look at a structure that keeps your best cash-flow property on a lighter refi (say 50% or 60% LTV) while you go a bit heavier on the one that’s not producing as much right now.

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

I am curious how this turned out for you.

You want to buy apartment buildings in the ghetto and turn them into Condos?

if you need $200K for a project, no one is going to loan you $200K - you need a down payment, holding costs, and you need to know what you're doing or you'll just turn that $200K into $150K.good luck

However, you will find it difficult being that both of you are W-2 with your main activity to produce income being outside the real estate profession.

My thought is that I could reinvest this money into a few other rentals in better markets to gain better cash flow.One kicker of the equation is that I have the loan on the property at 3.1% and since 2018, inflation has been much greater than the loan interest, making me hesitant to give up such a good rate.My goal is increasing cash flow with my investment properties so that I can turn this into a full-time gig.

I turn over to my insurance company and they are paying for the lawyer to fight the lawsuit. 

It's more important to own investment income producing property that generates at least 10% annual ROI than it is to own where you live.