The swap involved exchanging oil operations sites for wetland areas, allowing for habitat restoration while consolidating oil extraction activities/ 2.

However if I do a BRRRR I can achieve infinite return by extracting all of my investment.

Welcome to the BP Community and most folks I know that are in your same situation with properties in 1 or more LLCs end up refinancing those properties into DSCR loans (instead of HELOCs) to extract the cash they need for their next acquisitions.

I don't know how the really big players stomach it.Something else I failed to mention was how the PM's are also tacking on fees on top of rent to extract even more money from our tenants. 

Question: assuming an ideal brrrr that has all investment extracted at the refinance, why would you choose a low cost market over a high cost market?

I've got a few more properties with a similar plan in mind—refinance, extract the equity, and use that to build toward my bigger target.The goal for me this year isn't just to buy more doors, but to make a strategic leap into larger-scale projects.

I will answer as it relates to traditional BRRRR, in the general case there are additional options.  1) Do not perform maximum cash extract.  

I would consider the cost of extracting your equity from the FL property by sale and then compare that to pulling equity by way of a cashout refinance.

No, I do not extract that income to live on because I don’t even need the $250k to live a pretty extravagant (To me a boring Midwest guy who never made more than $60k/yr while working.

Oil rights, timber rights and the such, the entire point of them is it's NOT intrusive upon the land owners current operation, it takes nothing away from them, it's COMPLIMENTARY, it's in place of them getting the resources out there to do whatever action of extraction it is, and they retain 100% of the land.