You'll be fine, especially if you're using additional equity contribution to improve the property before your refinance.

Hey Andrew,I just wanted to say thank you for taking the time to contribute to my forum.

You can directly contribute to improving the area, helping residents access safer and better-quality living conditions.Hopefully, this gives you another avenue for real estate investment in a growing market like Charlotte.

A Ponzi Scheme is using new investor money contributions to capital to pay off old investors.  

LTV & Equity Contribution: How much additional capital are you willing to invest, if any, given the property value?

This thinking contributed greatly to the market crashing back then and no lender in their right mind would evaluate a deal in this fashion.Lenders will always base value on the lower of the appraised value or the sales price.  

My biggest issue is that I’m using personal funds as owner contributions to these accounts and money moves from account to account on a consistent basis, so I’m trying to be diligent in proper accounting. 

Well, this is a wonderful thread.All I can really contribute with enough experience to be absolutely sure of what I say: if you live on the coasts and your spreadsheet tells you your best passive returns over the long haul are going to be in the Rust Belt in cheap rentals, then your spreadsheet needs to be looked at by someone with a lot more experience in cheap Rust Belt rentals than you have.My own take on the musings here of why everyone wants to quit their job these day and its possible connection to young people and their participation trophies, their possible work-ethic failings, moral turpitude, contemptible world outlook, lack of grit, et hoc genus omne...yeah, I know I don't know squat about all that.

I've been watching you contribute a ton lately! 

So far, I've only had one tenant leave (in addition to the horrible one that I refused to renew) and that was because she started making enough money that Section 8 was no longer contributing anything.