@Steve Powers is correct that these were mostly originated as owner occupied loans.

Originally posted by @Glenn McCrorey:BP brothers and sisters,  I quit the last job I will ever have today to focus on RE investing. 

@Bill B. 195 originally refinanced to 224.

You will pay origination on the rehab money but that is the extent of it.

Out of curiosity, how did you originally finance the properties if they are negatively cash flowing?

If you intend to vacate, the original lease agreement states you have to provide a 30 day written notice of your intent to vacate.

Goes back to that original thesis in a thread long time ago-- quality over quantity.

You would actually be borrowing less money than originally but at a higher rate.   

He ended up taking my underwriting/origination escrowed money and strung me along for six months, frustrating me, the realtor, the seller, and making my negotiation potential crumble.

I've had one recent multifamily deal in Florida exit with a 32% IRR and one hotel deal in Atlanta refinance and return 110% of the original invested capital through dividends and the refinance and the hotel continues to make regular 16% distributions.