Cash out: $55,000All money out plus roughly $3,500 in pocket.... principal and interest $767/monthCash flow estimated at roughly: $200/monthMy plan would be to refi around year 4 or so before the adjustable rate kicks in.

I also just go done taking a Alan Cowgill course on raising money to help fund my deals.

I've seen too many that prey on newbies and set them loose on the world, begging for "no money down" deals. 

Tell them you are losing money and can't afford to let it continue.

Its great that you have saved some money and have a desire but investing involves a risk of loss.

With the hold periods on BRRRRs nowadays, your margins will get crushed with hard money interest payments/points/fees. 

Being able to purchase a property with only 5% down means you can leverage your money way more effectively.

The money spent doesn't make sense vs the increased rent.

You manually dial until you start making money. 

Quote from @Cierra Butler: Jonathan, The tenant does not currently owe any money.