I milk them for the cashflow.Of course, @Ben Leybovich hate SFHs in some middle of nowhere towns in Ohio.

@Jeff Schemmel I recycle by forcing appreciation to the point that I have 25% equity!

Then take all the profit and recycle that back into the down payment on a second property - possibly using asset-based lending.

This way you can pull the down payment out at the end so you can recycle the money to buy a 3rd and 4th house. 

Yeah that’s fair, but I just think there are also contractors who are really milking the supply chain issues.  

Refi LTV is usually 75%.I have been doing BRRRR's for over a decade in Milwaukee and it has gotten very difficult in the last years to recycle cash; I left a substantial amount of money in every single project over the last 2 years.

A PA can tell you whats reasonable and whats not if they keep milking the cow.

If you want to recycle the funds faster, I suggest a commercial loan, however, they tend to care more whether you or your property can continue to pay the loan, plus the loan terms are much less favorable.

Going forward we'll finance deals ourselves, recycling our line over the 30 year term. 

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