I just refinanced my 3.875 30 year to a 30 year fixed.

I believe the upside value is $400K once fixed up. 

Thank you all for your inputs and help...I'm a wholesaler and do fix and flip as well as rental so I'm familiar with doing my due diligence...

I have a 2.9 fixed rate.

Also, the amount of damage was so expensive to repair that he simply could not afford to fix the more damaged units.

. --- We haven't seen a S8 inspection report in over a decade that required a tenant to fix damages they obviously caused.

I'm excited for the opportunity to be apart of the community with BP, I reside in the state of Virginia and started my investment journey many years ago at 22 doing fix and flips, I stopped when the market crashed in 2007/2008 and didn't like the way the market looked and I left the investing world, I became a mortgage loan officer, and then processor and later underwriter and learned the backend of the conventional lending world.

Here’s how I’d approach it:For the 9.5% Loan: Refinancing into a DSCR loan makes sense to lock in a lower fixed rate, especially if your goal is stability and better cash flow.For the 7.25% Loan: If the local bank's investment HELOC offers a competitive rate, consider it for flexibility.

you either want something in good condition where you can buy and not have to fix much, or something distressed.

Looking for guidance on options. new builds aren't hard to finance and I would argue they are preferred to existing fix and flip loans, especially if you have experience. banks look at your experience, your builder's experience, loan structure, permits, etc you need to get an experienced builder familiar with advanced underwriting and negotiations with local, regional, and national lenders. in columbus we do ground up construction for clients at a 20% discount so they can BRRRR out of the new build with equity and we have pages and pages of data on what we build and why and it's all supported by market statistics.