Other factors of condition, schools, and rental increases are some of the other factors to consider that will not appear on a spreadsheet.

Second, your tax prep fees would increase dramatically.

I hope you all engage and share your problems on this thread.

First-time investors should start with their goals, get pre-approved, network with locals, and maximize learning in forums by asking questions, searching for similar markets, and engaging with members.

Refi'ing into a 15yr loan is likely to both increase your effective rate and crimp your future buying power by increasing your DTI. 

This doesn't mean you should be looking at markets such as Detroit and Memphis, because even though it looks good on paper, if they are shady neighborhoods, you are going to spend a considerable amount more on property preservation (broken windows, stolen HVACs, etc.).The easiest way to increase cash flow would be on your existing property.

I would tithe on my increase, which would be profit whether you take it home or leave it in the business.

Has anyone joined & had success since the double price increase?

The market was increasing and we were able to find an off-market deal from some friends who held the property for over a year had no interest in fixing it up.

By being open to single family homes as well it really increases your choices, and for us, reduced the cost per door of acquiring our properties.