I am an aspiring new real estate investor based in CT looking to use the power of real estate as a wealth building tool and income producing asset class.

You need to understand how to drive the Net Operating Income to produce a good solid return. 

With an extra vacancy or a maintenance issue or an extra turnover, this is definitely a negative cash flow producing investment.So when you say the rent growth and value growth have exceeded your expectations, I would love to have you respond as to how that is possibly the case. 

Once that extra rental started generating income, he realized the higher interest rate was just a temporary hiccup on the way to bigger returns.In your case, maybe look at a structure that keeps your best cash-flow property on a lighter refi (say 50% or 60% LTV) while you go a bit heavier on the one that’s not producing as much right now.

It's more important to own investment income producing property that generates at least 10% annual ROI than it is to own where you live.

A refi only moves part of the equity forward and usually produces a higher mortgage payment because the principal is larger, so the cash flow goes down too  Brother Joe…..I take the time and try to read your post as much as possible. :-) I follow your logic… I think.So a person will leave some of their equity in a property if they do a refi.

They are highly motivated to produce profit, and our interests are fully aligned.

The educational system in the U S is extremely lacking in the field of business/economics if someone can write a book as simple as RDPD and have millions of people say that the simple concept of if you save money and invest it in appreciating/income producing assets you’ll be better off than if you spend it on unneeded toys has radically changed their life’s because they never knew of or heard of that concept before.  

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

Are you taxed on the net or the gross income produced as a non-resident ?