Thanks,Hemanth Hey Hemanth, Yes you can sell or refinance any property in the portfolio as long as the portfolio can debt service without the property sold or refinanced. 

.$308k purchase, ideally 15% down, with rehab budget of $112k (ARLTV at 75%).This way you put $46,200 down plus closing costs on the HML.Then you're DSCR RT refinancing at 74% LTV (better pricing, and gives you the extra cash to work on the rehab, just not financed through the HML).Thoughts?

I would not have refinanced and bundled in his closing costs.

While refinancing is an option, it would almost double our current interest rate.

That is something you should explore before you make your decision if your strategy depends on refinancing into a lower rate.

If I continue to pay the mortgage in the the seller's name (with out refinancing) would they claim the mortgage interest tax deduction or do I get to claim that since I am paying the mortgage and hold the deed to the property. 

Most of mine have infinite ROI, but I have 3 that for various reasons were not  refinanced to extract my investment (one had no value add, the other 2 have not been refinanced to extract the over $1m value increase due to rate increases). 

I refinanced to a mid 2% rate a few years ago and did not want to do a cash out refi.

These conditions can make it difficult to generate the expected returns, especially when considering the cash-out refinancing stage at the ARV price.Now, I'm not saying it is impossible to do BRRRR, just trying to set the expectations in the right place.

Since we are here, the Fannie/Freddie loan type can go over 75% when just refinancing out of hard money.