Primarily that you will now cut your monthly cash flow since debt service will increase with a higher principal (unless you refinanced into a much lower rate environment)However, Cash-Out Refinances are riskier for your Lender for a few reasons, so they will typically charge a higher rate / points for the privilege (versus an otherwise identical loan thats a rate-term refi or acquisition)Why are Cash-Out Refinances priced higher by the lender?

Hi Jonathan,That tenant is paying $1400. for a room and its own bathroom, kitchen privileges and utilities included.

They dont get special privileges because of that.

@Shalini Chawala Depending on the property and the quality of the washer and dryer we may charge an extra $50 rent for the privilege of having them included.

The only thing I could add to James's comment is that developing the full stack of skills you will need to make it in low-cost rental properties is that it helps greatly if you grew poor.A privileged upbringing creates a huge bar to entry to this real estate niche as far as I've seen.

.) :-) Thankfully that didn't put a sour tast in our mouth but only drove home the desire to LEARN about real estate and becoming entrepreneurs in that space.So if anyone is near me either in Va or North Carolina being that I'm only hour away from Durham would like to reach out and network it would be a great privilege.

If I were a renter, I sure wouldn't be throwing money at everyone in the form of an application fee just to have the privilege to view the unit. 

Ethan - Being highlighted on the front page of our member blog system is a privilege, not  a right.

Usually in order to get that privilege you need to put down a heafty down payment.

When i see a man who possesses the qualities i had just mentioned, i consider that man to be a successful man with full of wealth.My wife and I both have a heart for under privileged children and serving in a orphanage.