We still own this property, but we have: 1) leased to market rent, 2) successfully implemented RUBS to save roughly $3,000/year, 3) Reduced vacancy/bad debt from pre-acquisition T-12 of 15% to less than 4%.

Use an operating account for income and expenses, a reserve account for maintenance and taxes, and a high-yield savings account (HYSA) like Capital One's 4% APY for idle funds awaiting reinvestment.

There is short-term savings in replacing my mortgage with my credit line.

How much time are you saving by doing things more digitally and with more automation?

Since that eviction, I've resolved to use that same tactic much earlier in the process.

Then after that is achieved, we will begin saving for a down payment on our first house that we plan to buy in the next 2-4 years.

In high property tax, high insurance states like Texas, you may see $20,000 in cash to close while you are saving $250 a month to refi.

@Witty WordenIt can be a scary prospect to take a risk with a large amount of your savings.

We still own this property, but we have: 1) leased to market rent, 2) successfully implemented RUBS to save roughly $3,000/year, 3) Reduced vacancy/bad debt from pre-acquisition T-12 of 15% to less than 4%.

I think you would save a little while rehabbing, but at what long term cost.