Hi,People always talk about how they purchase a rental property, wait a few years for it to appreciate, do a cashout refi to recoup their initial down payment, then whatever they earn in the future is infinite return.But in reality, how is this truly a "recouping of initial investment" when you have to pay a 4.5% interest to take out the cashout proceeds (with $3000-4000 of closing costs on top)?

I'm looking to see what others ask in terms of programs the tenant is on, details of voucher, waiting/inspection periods or any other pertinent questions?

Still would wait on refi's too, but good to see the blunt instrument beating the RE market has been put back in the closet.

Wait to see if she is out by the date of notice given.

It has worked for a long time, but there's nothing sexy about it and you have to wait until you're over the age of 64 (maybe I'm wrong here) to see the benefit of compounded interest investing. 

I typically wait at the property until the locksmith or handyman has rekeyed the entire property.

Real estate is a long game and waiting is the hardest part. 

When there is "value add" in the project the returns are much higher but you wait about 5 years and hope the market doesn't change in the meanwhile.

I'd rather pay less now with a higher rate that I can refi out of than wait until they are lower and pay more (and probably have worse terms in the contract too due to multiple offers).  

Waiting too long to refinance can also leave you with less favorable market conditions.Neglecting to Build Relationships with Lenders:Many investors assume refinancing will be easy, but without building good relationships with lenders or shopping around for the best terms, you could end up with a deal that doesn’t work for your investment goals.Ignoring Cash Flow:Some investors get caught up in the equity gains and forget about cash flow.