Another thought - are you considering an FHA loan on the next one?

Kieran, the best bet here is to refinance with a DSCR loan.

@Michael Ewersi can only speak for what i've done as i suspect it varies by market. 

Let's use that as an example. 20% down is $43,000 plus lender loan origination fees, closing costs etc is going to push you over $50,000 cash out of pocket.

Quote from @Devin James: Im currently learning this lesson with New Builds that have taken twice as long to complete than anticipated.....Finishing a Real Estate project ASAP is critical because...1) Holding Costs add up quickly- Loan Interest- Property Taxes- Insurance2) Investor Capital- Our financial projections are dependent on how fast we can turn our investors capital.

Speak with lenders - and consider that although they might agree they could lend to you today - they might not be able to when you need the loan.Unless the existing debt has no due-on-sale provision, there will always be a risk of the underlying loan being called.If it were to be called due:1.

Pay Down the Loan Faster:I’m considering applying $40,000 annually to the loan principal.

A great REALTOR will help you gather rental history and the cost to own and show you good sites for pulling rental projections, but you will need to do your own calculations.Everyone's mileage varies.

Hi Michael, I'm not sure about IN, but where I invest in OH, it varies by neighborhood.

Fannie/Freddie (Conventional) loans aren't just about rate and transfer taxes.