My investor clients are typically happy with a small return right now but are buying on the idea of refinancing and getting future higher cashflow, principal paydown, and appreciation. 

Lenders typically look for a DSCR of at least 1.25, meaning your monthly rent should cover the loan payment plus 25% more.Seasoning: Some lenders may require a waiting period of 6 months or more before refinancing, so check with your lender to see if this is an issue.If the numbers align, refinancing could allow you to recoup your $136k investment without selling.

While refinancing might mean a higher rate, it could allow you to tap into some equity for reinvestment while keeping the property.

Wait till rates are back in the 5s, refinancing/HELOCs are expensive today and you will need to refinance that debt in 1-2 years anyway once rates come down.

Even though I just refinanced property values have increased so much over this time span that I was able to get approved for $90K.Mar 2024 - My wife and I found another deal, single family home, but our original capital was gone. 

Just note that if you want to put the property into an LLC and have a mortgage on it, you will need to talk with your provider to see if this is possible without refinancing.

You can then get financing either through refinancing the entire debt stack or getting a second mortgage with the same bank that did the first mortgage.  

Have any of you ever heard of an Engagement Fee for refinancing?

Trying to create a plan to get into another property without using my own cash or refinancing.

Got into the home with a low down payment , made repairs, rented and refinanced to pay off line and eliminate the PMI.