I wish I had enough sense to have started that early. 

At a high level, this is generally the path people take - we see a lot of people have success in this route - start building the portfolio with banks, low down payments, and then **generally** when you hit around 5 or so properties - it starts to make sense to switch over to LLCs, its too hard to qualify/deal with paperwork of banks and switch towards private lenders like DSCR Loans - (LLC friendly, easier) to scale past 5 or so.

If done well, it means you can refinance and use that capital for your next investment—helping you move more quickly towards your goal of creating enough cash flow to change your work/life balance.Market Opportunity: Given the current market in some areas, you can still find deals that make sense for BRRRR, though they do take some effort to locate and execute.

These are NOT closing costs.It is very important to understand these differences in closing costs and prepaid costs when deciding if a refi makes sense or not.

There is plenty of supply so I would either pass on this or write them an offer that makes sense from your position.

But with the election and the time of year, it makes sense. 

In my mind it makes more sense to be managing the project to keep it moving along, while doing a portion of the work myself to keep costs down.  

Nonetheless, I agree... with your mortgage rate being so low, it seems like it makes sense to access the equity via other methods beyond refinancing. 

Unless you are doing a serious amount of volume , both from a cost and performance aspect, it will make more sense to outsource.

Now that would make sense and be appropriate.