Consider if refinancing after increasing rents could work, and whether MTR/STR demand is strong enough to sustain long-term profitability.Keep as LTR with Minimal Cash Flow: While this avoids a cash outlay, being cash flow negative or barely breaking even isn’t sustainable long-term.

After one year of occupancy, refinancing into a conventional loan can remove PMI if you achieve 20% equity through appreciation or principal paydown.

1.7 % of Loan Amount (Points) - $6,035underwriting fees - $1,400Are the above fees reasonable or not for refinancing a mortgage?

What are the best strategies to fund and execute several BRRRR projects simultaneously while waiting for refinancing to free up capital?

Here are two excerpts from the offering statement on PDF p. 28 of 78: How Much We Decide to Distribute: To decide how much to distribute during any calendar quarter, we start with our revenues, which include the proceeds of sale and refinancing transactions as well as payments we receive from homeowners with respect to their mortgage loans.

As far as refinancing, you can either do a conventional loan where they use your debt to income / DTI to qualify or you can use a DSCR loan which structures the loan off of the rent versus income ratio.More info on DSCR loans: DSCR loans won't use your income to underwrite the loan. 

They chose a second home loan for their beachside property but later realized that refinancing as an investment loan was more advantageous when they started generating consistent rental income.

Can be a good strategy, but my understanding is BRRRR is generally dependent on refinancing and pulling back that cash invested to repeat the next one

You want to wait after the work is complete before you get an appraisal and do not do it until you are refinancing because most lenders will want it through the AMC and you will be out your money.

We are currently looking at refinancing to get out of the PMI on our first and primary residence, and I saw a "scam" on replacing your mortgage with a HELOC and you'll pay down your mortgage in 5-7 years without doing anything!