It will need some effort in terms of improvements or tenant recycling etc. which are additional costs (time and/or money).

I plan on flipping as many boards as I can to recycle and replace what I have too.

I'm a new wholesaler and I'm curious to hear other people's experiences recycling their cold call list.

@Jesse SteinI found myself dealing with the same refi vs. sell dilemma on a couple small mobile home parks I bought in a rapidly developing area.I love the idea of refinancing your money back out, as you can keep a cash-flowing asset you're familiar with and recycle your capital into the next deal.

Ive found BRRRR to be very helpful in recycling cash and creating new Cash Flow.

It's very doable, but if you think "I have 50k I'll keep recycling it", you'll be going pretty slow if you don't find other funds (which may be fine if you want to do 1-2 deals/yr). 

I have a client who is in double digits with cash properties right now and trying to refinance all of them to lock in these PHENOMENAL rates and recycle their funds and they are seeing the same "tax" applied. 

That way you can recycle some of that cash on other deals and really grow your portfolio.

Also I have the ability to do delayed financing, so I could recycle funds as soon as the rehab is done and pay off the HELOC.

The house is in pretty poor condition, they have sheets for garage doors, apparently they ripped out the copper heaters for the metal recycling, dogs doing their business inside on the floor, dead rat in the garage, etc.