@Wayne Brooks Thanks Wayne & @Gabriel F.. I

I have 4 rentals properties located in NC but I live in SC. I

@Leo F. - I agree a 5 year baloon payment is not my cup of tea either. 

Originally posted by @Bill F.:I

You can re-fi and cash out down the road once the home is complete.

If you are into podcasts check out Choose FI or the BP Money podcast is also a good one.

https://www.dropbox.com/scl/fi...Excel is attached.  

Closing on the property was delayed due to back-up in available appraisers (all the re-fi going on + working in a "hot" real estate market).

@Jacki F. I

Greater Cincinnati is another fantastic place to invest.On the re-fi, I tend to be more conservative in what I pull out in equity, as I've seen some investors find themselves underwater.