I've got a few more properties with a similar plan in mind—refinance, extract the equity, and use that to build toward my bigger target.The goal for me this year isn't just to buy more doors, but to make a strategic leap into larger-scale projects.

Oil rights, timber rights and the such, the entire point of them is it's NOT intrusive upon the land owners current operation, it takes nothing away from them, it's COMPLIMENTARY, it's in place of them getting the resources out there to do whatever action of extraction it is, and they retain 100% of the land. 

However if I do a BRRRR I can achieve infinite return by extracting all of my investment.

If you purchase a rent ready RE investment this could be 0%, but at the opposite extreme a good brrrr can produce the now elusive infinite return (I have achieved this on most of my RE investments but believe it is very challenging in the current market to bp not be cash negative after the refi to extract the added value.I expect to make an offer this week.  

I will answer as it relates to traditional BRRRR, in the general case there are additional options.  1) Do not perform maximum cash extract.  

I would consider the cost of extracting your equity from the FL property by sale and then compare that to pulling equity by way of a cashout refinance.

Extracting information from GK Houses made me think of how Jack Ryan interrogated people in 24.

1.To extract equity in your property by re-mortgaging if you brought the property with a mortgage is normally not possible, it might be if you have extensive building improvements. 2.Getting a mortgage on a property you own 100% of is usually possible.

I appreciate you being so candid and detailed with your stories allowing us all to extract value from them. 

However if I do a BRRRR I can achieve infinite return by extracting all of my investment.