With the current mortgage rate constraints affecting how many buyers are willing to enter the market we are seeing a lot of borrowers have success with the BRRRR strategy with plans to sell in the next 3-5 years when interest rates go down.Researching potential LTR and STR rental amounts and seeing if holding for a few years is a viable option is a good analysis to do well. 

I would search for a property that has a low interest rate Fha or VA loan.

They are locked in with a 6% interest rate on a property that we went above asking price on.

The mortgage is $1800/ month, but I am looking to refi and pull cash out to finish the ADU and lower my interest rate by 1-1.5 points.Lessons learned?

CoStar) to understand the rental market (rent amounts, absorbtion rate, etc..) but that service is fairly expensive. 

If any short term financing, risk adjust upwards another 2% points on the interest rate.3.  

Depends on the brokerage you have, but the one we use currently has a rate at 5.83% at 50% LTV.

Hi Enrique, as a realtor you have access to the MLS and Neighorhood Scout and AreaVibe if its available in you area can give you ratings on crime and schools.  

For full time management rates can range from 20-30% of gross revenue depending on the level of services provided.

I paid about $1500 in closing costs between title, appraisal, etc, but the original loan was wiped out in favor of a new lower rate.