So it's a classic optimization problem, you have to find your sweet spot.I used to be all about cash flow when I got started and over the years it became less important, while the potential for appreciation has become more important for me.

@Andrew Heairet What a blast from the past, skip tracing for heirs on a foreclosure, ahhh sweet memories, lol. 

I just had to keep looking and lowering the rent rate little by little until I hit a sweet spot.  

Sweet Home Alabama would play softly on the hi-fi.

Purchase price: $70,000 Cash invested: $5,000 2018 Purchase 2Bed 1Bath in Kansas City$70k PP$27k RehabCash out Refi at $118,5 (4.875 rate) after 6mo and initially rented at $1000Payment $769Rent $1200What really makes this old deal sweet is that I only have about $4-5k cash into the deal, but it is now valued at $155-$160k, so I am doing another cash-out to drop the rate down to ~4.125 and only increase the payment by ~$20 per month (75 LTV).

Purchase price: $70,000 Cash invested: $5,000 2018 Purchase 2Bed 1Bath in Kansas City$70k PP$27k RehabCash out Refi at $118,5 (4.875 rate) after 6mo and initially rented at $1000Payment $769Rent $1200What really makes this old deal sweet is that I only have about $4-5k cash into the deal, but it is now valued at $155-$160k, so I am doing another cash-out to drop the rate down to ~4.125 and only increase the payment by ~$20 per month (75 LTV).

What really makes this old deal sweet is that I only have about $4-5k cash into the deal, but it is now valued at $155-$160k, so I am doing another cash-out to drop the rate down to ~4.125 and only increase the payment by ~$20 per month (75 LTV).

Sweet dude, I appreciate you laying all the numbers out, that's super helpful.

Sweet net profit with ARV well over expected.

Sweet net profit for our investor that rehabbed the property.