After speaking with him about everything that popped up I became weary & questioning the work performed.Once he left the property I decided to cut into the sheathing and discovered all of the rotted out wood was still there.

Source custom-cut 1.5" minimum diameter rods that are continuous length (not the expandable ones as there is usually a gap in the metal that fabric can get caught on).

Conceptually think of house hacking in the NYC metro as a reduction in rent.It all boils down to the numbers, but if the direct property costs (mortgage + insurance + tax + capex/repairs + vacancy) - the income (rental income) is less than your rent, you are effectively saving yourself money, aka "rent saving"I did this in 2014 in Westchester county (different location, different time, different market), but effectively cut my rent in half.Regarding Basit's suggestion, I would follow this ONLY if your cashflow from the other market is greater than the "rent saving" in NYC on a per dollar invested basis.Joe

I am thinking of cutting ties with the PM. 

So,  if you are serious and have some experience, you can probably cut a few years off your business development trajectory, and save more than the $15-$20K fee by retaining this outfit.

Yep, good luck with that right now... since they raised the min loan and min house value it cut off many of my exit strategies, and is a real challenge for attempting BRRRR in many of our Ohio cities. 

But please don't let them talk you into cutting down a healthy tree. 

My assumption is you are in overages on renovations which may need to be drastically cut back. 

But with COVID and higher rates I know a lot of banks/credit unions have cut back on some of their products, so I guess PenFed did too.If you are based in FL you can try Space Coast Credit Union.

If you locked in a better interest rate when you bought the house then you might end up loosing it  and replacing it with the current higher interest which could cut into your cashflow.