Not sure if the upstairs tenant (heavyset person with a dog) plays a role.Seeking suggestions.

The next RE play is going to be building ammo stores on the interstate and state lines between CA and NV and Oregon and WA and ID..

There are many good locations - I'd suggest that you play around with the "Market Finder" tool at the top of the screen here, included with your pro membership. 

I just feel like everything that I am looking at has to be a high effort strategy or an equity/value add play.

The fact that you evaluated whether to sell or do a cash-out refi shows you’re playing a long game and keeping your options open.

New construction in a saturated market isn’t always the best play if you’re looking for steady returns.A place like Rochester has way better fundamentals—lower buy-in, strong rent-to-price ratios, and stable demand from universities, hospitals, and major employers.

So seems like a decent play for cash flow but not much for appreciation.

While I would have built $150,000 in equity, the cash flow simply doesn’t work.Now, let’s compare this to the market conditions when BRRRR was highly promoted (pre-2020).Interest Rate: 4.75%Monthly Payment: $3,057/monthRent: $3,600/monthIn this scenario, I’d be making over $500/month with $23,000 left in the deal, resulting in a gross 26% cash-on-cash return—an excellent deal.As you can see, rates and prices play a critical role in the viability of the BRRRR strategy.

Hey Eli, Great question on the 6% and it does play a factor into the cash flow.

@Chris Seveney @Marcos A Miranda - you guys are playing with fire - https://www.biggerpockets.com/search?