Paying off the mortgage quickly also really hurts your ROI and your ROE. 

I don't think having an independent appraisal would be cause to overturn the bank's appraisal if it came back low, and you'd probably want to ensure that the one you hired had the comps you were looking at anyhow.    

(Although I’d argue ROE is a better measure.) heck after 4-5 years you’ll probably take all your cash out anyway. 

BP Community -Will you all help me double check my math and my assumptions on my current annual ROE? 

The article details the case being overturned and the Defendant had to shell out ton of money.

They are often overturned in court and create a lot of issues because of the verbiage on the document. 

My personal plan, use leverage to invest in BRRRRs (so I have as little of my own capital into a property right from the start), let my tenant's pay it down significantly, watch my return on equity-like a hawk and continue to reposition equity to keep my ROE above 8% until I'm 7 years away from wanting to be down with landlording, then snowball everything and get the portfolio paid off!

YOY ROE factors taxes and sales costs as if you were going to sell.

You don't have to apply for STR permits either or risk getting overturned. 

You know pay for service.In some counties more than 50% of the tax sales are set aside, one year in one county 90% of the sales were overturned.