So brainstorm the different options then pull the trigger!

@Martti Eckert I live in Los Angeles and have done a handful of BRRRRs in Missouri so feel free to reach out with any lending related questions to pulling off BRRRRs in Ohio. 

The next option is to get the device (you can get on Amazon) that shows the meter for what one unit is pulling versus the other.

At some point in the next few years you might consider a cash out refinance to pull some of the equity out, but obviously wait until rates are a little lower.

How would we go about pulling our cash out of the deal if we went with option two?

One of the other factors that kept me from pulling the trigger is that the city has never passed any real STR regulation.

If its a direct lender, you might be able to pull off a 10 day close if its a smaller lender that has very quick underwriting turn times.

Also, Since my buy box is pretty narrow, even though I’m pretty good at doing the title research myself, I’ll still pull a title report for each one.

Yes the Class feature Cost a bit extra which is a bummer bet the support for it is amazing, and it is easy to allow access for Tax Accountants to pull the reports they need rather than my clients playing middleman. 

The last year I renovated a single family home to rent, pulled out some equity, couldn’t have gone better.