Quote from @Levi Perl: Hi,Curious if anyone has what to say in terms of how to calculate which one is more worth it: to cash out refi on a Long term rental now at 70% LTV, and walk away with X amount of positive cash AFTER paying all debt, (X is a positive number and significant amount for me), which will allow me to potential get another long term rental and grow portfolio faster, or wait 4 months and cash out 80% LTV, giving me DOUBLE than X. 

I could have put three B class doubles in front of you with good numbers before you finished reading this... time is money!

They essentially act as a property management company but charge double the fees for fewer services.

Now that rates have doubled, a bank could call notes due, take the property back at a dramatically increased value, and resell it at 8% to make a huge profit.Pace talks about SubTo insurance to protect the investor from these scenarios.

Back when I was bidding/building and these became the rage, it was astounding to see municipalities in already crowded areas allow the density to (almost) double without taking any steps to provide additional parking or other amenities. 

Be careful it does not go into default : mature as the fees pretty much typically double

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

However, if you have a more extensive portfolio or plan to become larger in the next year or two, I would look for a double-entry system that allows bank reconciliations.

My idea is that if we were to be spending that money anyways, it is smart to at least explore ideas such as this where we can double the income from having 2/3/4 doors.

I have done a lot of those with small builders.. that way we get our rate of return on our note and at exit we made a nice spiff some times double to triple how much we lent..