Why do you say its bad for the original owner long term?

The main house is original (this place was built in 1924, very cool) and we rent it for $1,650/month.

Originally posted by David Taylor:Originally posted by @Steven Hamilton II: Originally posted by Tony Bc: We (husband and wife filing jointly) are looking for a CPA.

These are 2-bedroom, 1-bathroom properties that I had originally planned to keep in my rental portfolio, but my plans changed.

Originally posted by @Adam Apalategui:In Oregon there are service dogs or not.

Originally posted by @Greg O'Brien:@Tim Silvers where did you end up and how is it going?

Originally posted by @Brendan F.

Talking to an appraiser early is a smart move—they can guide you on what improvements will add the most value.Don’t forget to fix any deferred maintenance and highlight unique features like tall ceilings or original hardwood floors.Let us know how it goes, and feel free to ask more questions—we’re here to help!

The refinance step is where you pull out this equity, typically in the form of a cash-out refinance.Here’s how it works:You refinance the property at its new appraised value (after rehab and renting).You take out a new loan based on that increased value, ideally for the full amount or more than what you originally paid for the property.The goal is to pull out enough money to cover the cost of the original purchase and rehab (or even more, depending on the property’s appreciation).This allows you to recover your initial investment, which can then be used to buy your next property.5.

Since the original mortgage stays in place, you only need to ensure the reinvestment equals or exceeds the proceeds.