The cash-out refi necessarily means thousands of dollars in additional expenses - likely setting you back further than you went forward in mortgage pay down during the same time period if refinancing in 1-2 years - but hopefully earning more equity in the meantime (fingers crossed).  

Hello friends,I was able to use an Outlook email to send periodic reminder (laundry list of things) to my tenants.

If you tendered your cashier's check during the 45 day period, that money is gone. if you in the 45 day period, don't walk, run. 1079 is non binding until you stroke that check.Contacting the trustee for help is a waste of time.

I did a bit of research and wondering if the current interest rates, high real estate prices, and weak 12-14 week rental period make it a bad investment.

At the end of the day, if a lender thinks a wave of foreclosures is on the horizon that will decimate real estate values for a period of time, they will not lend.  

The only items to really worry about are the slightly higher fees and PPP periods on the loan. 

Check the recovery (or breakeven) period on the refi.

So now it will be a 4 year redemption period.

In a rental I manage, we did see about a 40% higher rent for a furnished unit, but may see some higher vacancy periods and tenants probably expect more included (utilities, internet, etc), but agree it's something to consider.

With current rates around 7%, shouldn't there be an opportunity to purchase properties that were bought with adjustable-Rate Mortgages (ARMs) at 3% in past 5-10 years that are hitting their reset period this year 2024 or in 2025?