Thinking back, had I refi at 10.5%, I probably had to do it again when rates dropped to 7.5%, doubling my overall refinance cost.The other lesson I learned is develop good banking relations.

@William Coet it’s a different business model altogether.I love highly desirable areas that attract highly skilled high income college educated workforces.They tend to be more liberal and therefore the landlord tenant laws.The percent of their income that goes to rent is typically much less than 20% so a rental increase of 5-10% is nothing to them.They are typically lower cap rate areas and therefore every dollar of net operating income that is earned is explosive to the underlying asset value.

I’m a former college baseball player and retired professional ballroom dancer, with a passion for entrepreneurship and real estate investment.

Lessons learned?

This can be a good lesson for others who complete BRRRR transactions in lower tier neighborhoods and believe they are sitting on equity they can realize when they go to sell their properties.  

Set for Life" is my most recommended book for graduating college students. 

After the eviction, Ashley withdrew from a local college, where she was studying to be a teacher.

Deeper discountsMaybe I’m wrong but worst case scenario is that I spent money, learned a lesson and helped some people out.

I was working with an agent and unfortunately a lesson learned for me.  

Conventional lending is not really an option as I am a college student and dont have much W-2 income at this time.