A "professional" tenant can draw out an eviction and and strip anything of value from the home, costing you tens of thousands without batting an eye.There are stories of people living in a home for over a decade without paying a dime.

How did you add value to the deal?

If it was purchased cash you can do delayed financing immediately, but it would be based on your total capital invested not current appraised value. 

You could try explaining to your previous lender that while you value the relationship, the numbers make more sense with the new lender this time. 

While we manage a few in Tuscaloosa, our primary focus is Birmingham—it’s a fantastic market for value-add and BRRRR strategies.If you’d like to hop on a call, feel free to DM me.

Even with multiple units, with current interest rates and a competitive market (prices have continued to rise even with higher interest rates) think the Madison market is a stronger long term ownership strategy, where the bulk of your return will come when you sell from appreciation in rents and property value. 

By summer, prices should start rising again, presenting better seller opportunities.Multi-Family Properties: Values have dropped due to lower rental rates, with the best deals already seen in past years.

Depends on your clientele.

A strong buyers market indicates sellers price cutting and listings being bought under value which would lead to equity losses. 

Quote from @River Sava: Hey April - Refinancing after a year if there's limited equity depends on your goals—lowering your monthly payment, cashing out, or switching loan types.The process usually involves checking your current loan terms, appraised value, and credit situation.