With a substantial portion of this debt held by banks and regulators pushing for decreased exposure to CRE, liquidity becomes a pressing issue.

Their customer service wasn't the greatest at first and you don't get the funds as fast as they advertise, but now I do have a substantial amount of funds I can play with in the new year to grow my portfolio.

You can do this every year and max out rent without the tenant feeling the burden of rent going substantial amounts year over year. 

Echoing what @Devin Peterson said... unless you put a lot down, purchased below market, renovations substantially increased value, or better yet a combination of all that he wouldn't have enough equity to refinance.

The more substantial gains you will realize over time are through appreciation and the other liquidity event tends to be when you have the ability to refinance assets when timed correctly.

It was intended to be a gift for my mother, who for various reasons ended up not moving in, and I sold it in 2023 - 13 months later - for a substantial profit.

In a scenario where the landlord resides in the same building, It may be wise to hold off on making substantial investments in the apartment where the landlord plans to reside for the first 3-4 months,This approach can help prevent any perception of discrepancies in the living standards between landlord and tenant.

We made some adjustments to our pricing earlier this Summer 2022 to reflect some material pricing changes that we have seen.With that said, construction pricing can vary substantially based upon many factors including the project location, property type, specific SOW, material selections, contractors used, season of the year, etc.In fact, pricing can vary substantially from investor-to-investor and every investor will have different prices they use. 

You can't win.if you were at $250 and now $11k then you are not in California or you did a substantial value add. 

It sounds like you may have 2 years of income history on your tax returns but the second year is substantially higher than the first?