I can't imagine being in a partnership with someone that brings nothing to the table but expects the same return as you do.

Evaluate how many would EVER tell you 300k is the typical return.

It depends on what the terms of your mortgage are.Pros-with no mortgage, you have higher cash flow.Cons-if you plan on buying more properties, you are better off saving the money for a down payment for your next place.The big questions are: can you get higher than 7% return if you invest that money elsewhere? 

If so, invest.Then, ask yourself does this property provide the characteristics you need for it to give you your return-- location, rental demand, buying demand, physical structure, etc.

Since we just got the certificate of of occupancy literally two weeks ago,  we are looking all options to maximize return on investment. 

Profitable months cover non-profitable months, so budget and expect it.

Conventional non-owner occupied loan. 20% down.What was the outcome?

Our commercial loans are also with them so it would be great if all of our loans were in one place, but in order to refinance all of our loans with them now I’m guessing we’d sacrifice a few points on some of them and have higher payments impacting cash flow not to mention a lot more interest paid over the term of the loan which makes refinancing a non-starter unfortunately.

However if I do a BRRRR I can achieve infinite return by extracting all of my investment.

Some lenders do have minimum credit scores to access these loan types, but it is the exact same qualifications for income and assets as non renovation loans.