When investing in real estate, having multiple exit strategies is key.For a single investment property, make sure the numbers work for both scenarios: 1️) If you decide to sell the home, the deal should produce a solid return. 2️) If you need to rent it out, the rental income should cover expenses and provide a profit.Flexibility is what saves you when things don’t turn out as planned.

Some numbers below for reference: I currently am taking home about 140,000 pre-tax.

With that said, here are some questions I would ask myself about the situation: Historically, have the students paid enough in the 9 months to cover all the expenses associated with these properties?

You'll only be able to cash out a certain percentage of that existing equity.

Our newspaper noted they had invested over $1b in the area, but I think that covered 2 mega sites.

The standing plan is to put in mini splits in each unit once the existing furnace finally dies.  

You may want to look at concessions to help cover costs or buy down your rate to a comfortable payment. 

We live in this nice house because I'm covering some of the mortgage expense with the income from the house hack.

Here are my thoughts about your decision to refinance.Process:Understand your current loan terms.Check your credit score.Compare offers from different lenders.Get your property appraised.Submit your application and go through closing.Considerations:Current interest rates vs. your existing rate.Amount of equity built in one year.Closing costs and fees.Your long-term financial goals.It's a complex decision, so consulting a financial advisor or mortgage specialist might be helpful.

But I do have an issue with asking some of these pre-existing cabin owners to have to retrofit their cabin with the system and expecting them to have it done in a year or something.