And while I agree that debt is often the cheapest form of capital, if you are looking at a project that involves some form of value-add business plan, you can always refi either when rates come down or you have increased the yield on the asset to exceed your interest rate.But like Stuart noted, for many groups, even the most seasoned syndicators, raising call cash for their deals is effectively impossible.  

Even in a lower priced investment property, like a small SFR, what does the investor without a contingency fund do when say the ac or a furnace need replacement?  

Some of those may even be competent and know how to underwrite deals and sponsors. 

Based on our data, it. takes several hundred calls to even get an appointment. 

Or should I stick to my original strategy and maybe even start looking to refinance soon?

Evicting them, even after purchase, could be a lengthy and costly legal process.

It took quite a good time (~6months) even with a property manager but finally found the renter after rent decrease by 200$.

For someone managing multiple properties or with a busy schedule, automating some parts (like initial messages) can save time while still allowing room for personal touches later.It’s inspiring to see your dedication to responding so quickly, even at 3:30am!

I recommend you budget 5% of the gross rent (for the whole place, even what the rent would be if you were living in it as a tenant) for repairs and 5% for capital expenditures.

It is something I am interested in doing in the future, potentially even this year, but I am curious how to put concrete numbers to this decision.