Purchase price: $200,000 Cash invested: $210,000 This was my first real estate investment.

I’ve been chatting with a bunch of landlords lately who are ready to scale up from single-family rentals (SFRs) into multifamily for better cash flow and efficiency.

I actually think you would be better offering $1.5M cash and use a hard money loan for six months and refinance into permanent debt. 

There will be multiple markets you can achieve a 7.5% cap rate especially if you're buying with cash.

So, your rent is likely too high.I'm guessing you have a nice low mortgage rate if you bought about 5 years ago, so if possible it probably makes more sense to keep it as a rental then sell it assuming the cash flow is decent.

Ohio & Michigan were recently highlighted in the rust belt as good values that cash flow. 

What’s your primary goal for the cash-out refinance?

I also find the “Max HOA” and “Year Built” filters pretty useful, especially since mandatory HOA dues and deferred maintenance can both significantly dent in cash flow.

The goal of an IB policy is cash accumulation - not death benefit.

I currently have 2 properties, for 5 doors, which are cash flowing about $1000 a month, after all expenses, cap ex, etc.