In Florida, I believe the Homestead cap resets after a re-fi as well.

This is good news due to future increases in Taxable Values being capped:)@Nicolas Munoz The City of Detroit offers many 2-4 unit properties, allowing an owner to live in one unit and rent out the rest.

Since it's a commercial asset, you need to get all the data possible on rent, expenses, lease end dates, cap ex done and needed, to present a five-year plan to the private lender.

Make sure both properties have all the repairs and maintenance needed and no major cap ex is needed before you try to add one on double leverage.

Set Aside for Major Repairs: Most Cap Ex items have a life expectancy.

If the exit is a DSCR refinance, you will be capped at 75% LTV based on your experience level. 

What are the cap rates you can achieve at refi if you BRRR a single family/duplex?

Even if they don't catch you now, they will catch you later when you try to sell a 2.5 bath that is only a 1.5 bath and the lower bath needs to be removed and capped.

Most purchase and rehab loans will be capped at 75% of the ARV and cash-out will typically max out at 80 or 75% depending on where you go. 

Any help on how to figure out a local CAP rates for a specific area would be helpful.