In the Houston and Katy markets, prioritize cash-flowing properties that can withstand current high interest rates, and plan to scale by reinvesting cash flow or refinancing when rates drop.

Is there a better way to structure this deal besides proportionally splitting the profit from refinancing (and/or eventually selling) and the rent (which we'd be paying)?

I had to start the eviction process, but fortunately, they left a little over a month after their lease ended—just before it went to court.These challenges reinforced the importance of tenant screening and clear leases, lessons I’d carry with me throughout the year.Summer: Refinancing and Big ChangesSummer brought a mix of wins and challenges:I began having issues with the garden unit tenants, which would escalate later in the year.After learning from the screening mistakes I made with the garden unit, I updated the third-floor unit and rented it to great new tenants.

-Save for the next property but consider refinancing your current loan in the future if interest rates drop, potentially improving cash flow.

so every step is tougher.2. you don't really compare the interest rate when purchased and the interest rate when refinancing - that is apples and oranges. 

One is a former primary (we refinanced once while still owner-occupied then transferred into an LLC when we moved out and began renting it, but didn’t have any issues with that one for about 5 years after we moved out).

Setting up your purchase money loan to allow better refinancing is advised when possible.

If you purchased or refinanced at near rates near current rate, at that rent point, 1% is negative cash flow when properly allocating for the sustained expenses. 

I bought 1 House out right, I am refinancing for 100k. had 1 renter paying 1000. using the refinance to purchase the second property, and putting renter for 1400. it will also need 25k in repairs.

I like to do cash out refinancing at market price one month after purchase.