Even if the payment goes up it's mostly towards interest (a write-off) and I don't know anyone that doesn't like lowering their income tax.The only other thing I'd ask someone (loan officer) is if doing a cash-out refi would create any large challenges around your debt-to-income ratio and hurt your ability to buy a subsequent property.

If you feel like you can actually learn from a slide show so to speak.

Another thing to consider with a VA loan is the up front funding fee of 2.15% for first time, 3.3% for subsequent use.

Another thing to consider is the subsequent use VA funding fee, which is 3.3% of the loan amount.

I know it's vague, but the more you put in, the clearer your business is going to look to you, and subsequently, your investors.

Worry about returns and rehab projects on subsequent houses.

We recently had a storm rip a large portion of the roof off and the subsequent rain flooded the living room, guest bath, and guest bedroom. 

When I'm looking at various deals across platform and even deals on the SAME platform seems these can be calculated quite differently.For instance since IRR is calculated based on the capital invested if a cashflow shows that in a particular year they estimate that they will be ABOVE the pref and return some of the capital then the IRR in the subsequent year is likely higher since now the capital invested is lower but the return is the same thus boosts overall IRR for the deal.For this reason, it seems referring to the multiple as an additional point is helpful as at the end of the day it tells me how much real money is coming back to me.I find the calculations non-consistent especially on fund deals, where they can be open ended dates with a wide range of hold periods so you can really cherry pick your numbers to make the IRR and multiples look good.Any tips?

Regarding the winter bill setting the sewer rate for the entire year:  The city assumes people irrigate in the summer, so they use the number of winter CCFs to subsequently bill for sewer in the spring, summer, and fall.  

A cash-out  refi will help if you can trace the use of the cash-out to the property, or a subsequent property.