I know that style and tenants will eat that top, drawers, and doors for breakfast.

Frequent turnovers can quickly eat into your profits.Instead, I’d recommend building up a solid reserve fund and addressing work orders promptly.

I eat $1,000, or I have a vengeful tenant in Seattle.

Quote from @Daniel Araque: Thank you Georgy, that paints a much clearer picture for me.Essentially it behooves me to pay off my line of credit as fast as possible because the longer it takes, the more interest I'm paying which in turn eats up my total profit for that single investment.I did the math based off the following numbers. $10k line of credit at 8% , 10 year payback, $121/month payment. $1k personal cash flow after all bills/expenses paid.

In either instance, you were able to use the cash out for something and if you had left the interest rate alone, over time you would come out ahead (unless of course he put you into an interest only loan or something crazy).You're right that refinancing so many times can eat up your principal and since you were the one that signed the papers, it is your fault, but I stand by the assertion that no one got rich on one point.Stephanie 

(I have read that CA likes to have their cake and eat it too by claiming any part of the chain of money/business no matter how small).2.

That is what I am trying to figure out, "what is the problem trying to solve" I view this as a problem for the current owner - who wants their cake and eat it too.

One side can't be expected to just eat the vagueness.

Taxes, interest, insurance and maintenance will eat into the profit. 2.

I am an old man and I have learned to not crap where I eat.