However I am struggling to understand and evaluate the risks involved with cash out refinancing 2-5 years down the line.

We live in California at the moment and I have W2 job and my wife a small online business.

Seen that play a few times.. this whole sub to being taught to under capitalized or starter investors who don't know what they don't know and learn this on line is just so very dangerous.

@Bill B. 195 originally refinanced to 224.

It would be nice if you gave them more than that, because it takes a lot of effort to move a business (online marketing, business cards, etc.).

I did further investigation and it is my theory that their website was purchased so that it looks like they have an online presence since the early 2010s, and the extreme lack of online information on this company makes it very suspect.

I've found deals in local online groups on Facebook, simply asking people for what I want. 

Refinancing Options If you’re planning to hold the property long-term, refinancing the seller carry into a more stable, fixed-rate loan could give you more predictability.

One tip is to start looking into meetups to connect with investors / others in the REI game (in person/online).

Our online court records in CT are now automatically dropping tenants' evictions fro the record after 3 yrs, or even less.