BUT, yes, refinancing IS an option, because given the new situation one could not only wrap all that renovation cost into financing but also pull out the vast majority of capital deployed into it and still be sitting around 50 LTV, bringing COC potential above 50%, even verging on 100% yr2 and infinite from there after. 

In neither case is your return near infinite or really any higher than 4.5%. 

Your returns are infinite with real estate, keep stacking property and pay the minimum.

I was starting to get overwhelmed with the lack of connections in the industry that I have, but meeting just one person can open up infinite doors and opportunities.

This my friend = infinite referral.

The banks in their infinite superiority complex of rules and computer drop down boxes will usually not discuss the underlying mortgage with anyone except their borrower and will not acknowledge (At least in my experience) the ownership of the buyer from the HOA Sale.

It's near Seattle, huge growth and infinitely more affordable.

We used to use a Shaw commercial product (another LVP - can't remember the specifics) but it was 2x the cost and I'm not sure it was 2x better than the off the shelf stuff at Home Depot.

I can do a lot more deals as it is infinitely scaleable and can therefore be very flexible on margins.

So the success and risk falls back to the sponsor of the fund/syndication.. important to have top shelf company / person running it.