Despite the challenges, we achieved a substantial profit.

Despite the challenges, we achieved a substantial profit.

We seem to have found a happy balance.

You can still easily achieve rates in the low 7s depending on LTV for a DSCR cash out refi.

As an investor, I've been looking for that area on the North Coast and in conclusion needs more time to be developed ( so there is no guarantee you will have a good ROI due the location )You don't have the same appreciation to get equity and the ROI is not the same there is a reason why is cheaper than other areas. also, the cheapest areas are not the best for us as investors I am not saying that has to be expensive but has to be in balance do you have diligence in analyzing some deals I recommend Santos Domingo for short/long term rentals Punta Cana and Bayahibe too for now 

It is a balancing act, but your future self will thank you.PS maybe try to seperate your equity investment from your cash flow investment: there are other ways to build a couple hundred $ in passive income and then you can focus your REI on long term goals.

What is the loan to value (LTV) or mortgage balance compared to the assumed value? 

After renting out the finished basement and one of the main units, we'd be paying a very comfortable amount for our part of the mortgage, and upon moveout we'd be breaking even with PITI + maintenance, capex, vacancy which is what we wanted to achieve.

Your value is 395k and your loan at 90% to that value is $355,500 - what your current balance remaining is of 325k = $30,500 that is how much your line of equity might be minus closing cost. let me know if you still have questions. 

Do you have a family member or friend who's achieved what you want to achieve?