Hey Cam, welcome to BP - I'm from Boston originally, happy to connect with you!

I would give the lender a 1% origination fee and payback the interest on the loan in 2K/monthly payment.

FHA loans with low down payments are ideal for this.In the meantime, focus on improving your credit score and maintaining a solid financial foundation.

In my experience, the cash flow may be substantially reduced (or even become negative taking into account interest rate of original loan and refi closing costs).

Do they have a higher credit score?

Quote from @Brandon Croucier: Well once the loan is Originated there’s no taking one out and adding another, I wouldn’t touch a blanket in that position then, there will be difficulty taking one out/penalties, definitely just suggest a cashout refi.

If separate water line services for each unit weren't part of your original scope of service, then they are justified in asking for additional payment to redo the plans.

In Colorado specifically, we’re also losing a lot of options due to an increase in our wildfire risk scores in many zones.  

@Coty LeBlanc I originally used it as a set it and forget it tool and it was better than not having I suppose, but then I really dug into training and learning and I saw 50% increase in one property and 20% in the other.

Originally posted by @Frank Vanegas:Hello Everyone, I am a first time Home Buyer/ Investor looking to purchase a home in the Orlando Area.