All these type deals, such as fractional ownership, time share, vacation clubs, condotel, etc have a common element…..whatever investment profit existed has already been extracted by the sponsor.  

When I think coupon rate I think of bonds:Coupon Rate Definition To MeI am sure there are other parasites that extract yield spread and such for a mortgage.

I would not recommend extracting a list from the total list because you'll have issues with duplication or inconsistencies if you ever add to the list.

It's not quite as good as just looking at straight payback period due to the time value of money and discounting future cash flows (or cash savings in this case).If you're planning to hold longer than 5 years, and you don't expect to refi in that time period either (to extract cash or to get a lower rate--not likely), then paying several points is typically advantageous.

I examine the email contents to extract pertinent information in regards to the property.

As a bench mark, @Brandon Turner shoots for 12% and $100 per door (wants $200/door) If I factor in maintenance, vacancy, and capex; cash flow and ROI seems low by comparison, but if I extract those cost, I am cash flowing $1,100 & $880 at 27% and 32% ROI.

Just consider the equity build up over 5, 7 or 10 year periods that you could extract from your property and re-position into a larger property or several smaller properties.

Perhaps it makes sense to consider a blanket portfolio loan to efficiently extract what equity I can, then set up a separate line for emergencies.  

As for the refinancing, I would ensure that you're running numbers on loan to value ratios on your investment and also your primary that your extracting cash from.

My view is that it is a “rule” if you are to extract your full investment via the refi.