In either instance, you were able to use the cash out for something and if you had left the interest rate alone, over time you would come out ahead (unless of course he put you into an interest only loan or something crazy).You're right that refinancing so many times can eat up your principal and since you were the one that signed the papers, it is your fault, but I stand by the assertion that no one got rich on one point.Stephanie 

I never really know ahead of time which lender might be open to that before putting the full credit package in front of them, and many of them 'in theory' offer it, it's just a matter of exposing the potential transaction to enough credit unions and banks that a few "swipe left," a few "swipe right," and looking at the terms offered by those that swiped right.

What I am trying to say is be very very careful in the city and speak to attorneys ahead of time in regards to the process, cost and how long it will take. 

I would just go ahead and pay him the $2,000 and get it in writing that he will not pursue you going forward and then set better systems & expectations in place to avoid this problem in the future, lesson learned.

In my experience, it’s all about networking with local contractors and being flexible with your plans to stay ahead of any issues that come up.Happy to exchange knowledge!

. :) Full steam ahead!

In a situation like that where they did not see the unit ahead of time, I would likely be more flexible about these issues.

Its called a "look ahead schedule".The key to building a good schedule is knowing the information and the sequence the work must take place in.

It's good to plan ahead but I'd focus on that first property, get it stabilized, learn the rental business, then move onto the next property once you've got your feet under you. 

It has been somewhat stressful coordinating activities and coming up with the best plan, but I went ahead and contracted with a PA.