@Adam F. I

The idea is to re-fi in a single transaction, which, I assume, will have benefits over three separate transactions.

I would pay I/O for 5 yrs, and then ri-fi but you HAVE to hit your pro-forma to execute this plan. 

Inside, make sure the Wi-Fi is solid, the furniture is comfy, and the kitchen has all the basics.

I've also never been a fan of investments that are subject to scarcity myself and feel that it's no way to gain FI.

Cash out re-fi's are very difficult given the economy and the fact it has been an election year.

And of course the appreciation can come a few ways if rents really rocket up.. but most rents in low value assets stay pretty stable and or there is major re gentrification like we experienced in Charleston SC .  I

Quote from @Becca F.: I just did this exercise - I liked ranking them so I could look at the big picture. 

@Henry F. I

@Eric Bilderback yes you can..few options  are herehttps://www.rok.biz/blog/laundromat-investment-101-how-to-fi...