If you're not selling or refinancing, you'll be ok.  

Condos are great for cash flow, but not so great for appreciation or cash out refinancing (BRRR) method purchasing.

I refinanced back in 2016 and took out 35k to do a flip in Las Vegas which did pretty well which left me with 60k in the bank and 120k loan.

Then after you refinanced it, transfer it to your LLC.

If your property loses value when your loan comes due, you may have a significant challenge refinancing, unless you have a ton of equity that you (temporarily) lose.Best of luck and keep us posted on your decision and journey!

Also at the very same time I was in the middle of refinancing all my properties (5 houses with total 30 bedrooms) a week before being let go from my employer(Good timing). 

I just recently heard about HELOCs and refinancing a paid off home to purchase another.

Hills Bank has always been willing to work with us on refinancing after a project. 

After a year or two, we plan on refinancing.

I am refinancing out of cash purchases and hard money purchases.