Hi,People always talk about how they purchase a rental property, wait a few years for it to appreciate, do a cashout refi to recoup their initial down payment, then whatever they earn in the future is infinite return.But in reality, how is this truly a "recouping of initial investment" when you have to pay a 4.5% interest to take out the cashout proceeds (with $3000-4000 of closing costs on top)?

Just getting a head start on if it comes down to a future trial and then bringing in the lender as well and just interested in what other possible charges the lender or borrower could face that I want to begin researching but also to bring that up now to put more pressure on the parties.

I will be referencing this in the future as I continue to invest.

You need comps to get a value not improvements.Second I would advise against a 15 year it will make it harder to qualify for future loans.

Should you need a fund for your future deals, feel free to DM me.

Back then, BRRRR worked because we could predict future outcomes with some certainty—what a property’s value would be post-rehab and how the refinancing terms would look in 6-12 months.

Most of the deals I've done, and likely the ones I'll will do in the future, have been funded by HNW investors, by choice. 

@Ham Merritt Well this idea is something I am considering for a future investment.  

This is also gonna depend on how strong the buyer is financially if its even possible for them to pay the difference.If you get multiple offers on a sale in the future and the price goes over asking, make sure the offer includes some type of language waiving a portion or all of the appraisal gap.If you tried to fight the appraisal already and didn't get anywhere, you don't really have much recourse.

The PO Box mainly won't get used but in future I plan to use the address with any tenents.