Obviously, I want higher so value add or re-finance as things happen I can always own the option.

Six figure income is still impressive for any residential SFR..optimally rates improve and so will rates of return with a refinance.

They are making a bet that interest rates will come down soon and they can refinance at a lower rate. 

Also, you could consider buying something with "hard money"; this comes at a higher interest rate, but you might be able to get into a property and either flip it or refinance it.

Some will be ok in 2nd position and some will not and force you to refinance out the first - but those are options that are probably cheaper than credit cards 

If rates drop, more buyers will come to the market and you can refinance to lower your monthly payment.

When I looked to refinance, I had to get insurance again…a month later we had a fire in the garage.  

Pay attention to reviews and guest feedback to refine your audience over time.

If not then probably better to just continue paying for it yourself, unless you want to speed up the process and you are constrained by cash.Your decision to refinance is going to be contingent on what your long term plans are.

Start small, refine your process, and use your network to connect with local investors and seasoned professionals for guidance.Good luck!