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).

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

Originally posted by @Steve K.

Louisiana is also a very landlord friendly state and that doesn't hurt either.I have been looking at the rental data in New Orleans lately and it seems like there may be a surplus of rentals available, most likely due to the STR rules causing people to switch to regular long-term rentals.

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

Based on the data I was seeing in Airbnb, I can tell that the property was well located because my views and favorites in the Airbnb were significantly higher than the other properties in the areas, especially after the number of reviews increased.

Hello @Amanda Skipper,While there's no better way to truly get a feel for a market than by being on the ground and exploring the neighborhoods firsthand, I want to assure you that investing remotely is absolutely doable—and many successful investors do just that.In fact, I know several investors who have built substantial portfolios in Memphis, and they’ve never physically visited the city, and they've done so successfully by leveraging local expertise, market data, and a solid support network.

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.

Is origination costs makes you select the Lenders?