But remember, you're now on the hook for ~7% payments on the refi, so while you're looking for borrowers, you're likely chewing back into your capital pool to make those payments. 

Closing Costs – Remember to factor in refi fees and how long you plan to hold the property to determine if refinancing will save you money overall.Since you mentioned owning the property for only a year, your equity might still be limited, impacting your options or leading to higher costs.

I remember chatting with my friend over coffee in Tempe just a few months back, after he’d gotten tangled in a set of local regs that made his head spin.

I seem to remember that I didn't even have a business card until then either.You are VERY late to the game to be making these decisions. 

Hey Phil, I remember that jittery mix of excitement and nerves when I decided to step up from the smaller stuff.. it can feel like you’re eyeing a big mountain and wondering if you’ve packed the right gear.

Not bad, but a lot of work and hard to find a specific expense if I can't remember it when I'm categorizing the expense a week later in RH or something.  

I remember the few experienced people I was able to speak with back in the day before online forums.

i remembered your other post from a while back, and i know you're experienced. but were also feeling overleveraged. 

Remember, while the federal framework provides the foundation for 1031 exchanges, state-specific nuances can significantly impact your investment strategy.

From turnkey rentals to syndication - real estate has significant risk and the more leverage you use the more amplified that riskThat makes sense and it's important to remember.