If you want to be exact, my CoC is 9.8% after everything was finalized. my plan is to do a cash out refi in the near future to increase my CoC and recycle my funds to put into another property. 

Need to update my counters..lolA good strategy that may save you some money, is to check a local recycle store.

If the property appreciates in value over a few years, you can refinance and recycle your investment.After you perfect this it will become easier to BRRRR.

Each unit has one for trash and one for recycling so there are six in total.

I am sure many would  consider other investment strategies besides  continually recycling their capital collecting  homes that are propped up with appraised values that are not attainable if the properties were marketed for sale.   

Check out the "BRRRRR" method and book at the BP bookstore - this is really the secret sauce to accumulating a lot of properties every year since you can recycle (use) the same capital over and over to keep building a portfolio

You gave the mouse a cookie and now she is expecting you to give her the milk too. 

Not cash flow and recycling every penny invested in your deals. 

@Andrew Montgomery - If you're goal is get to 10 properties in 3 years you'll need to figure out how to "recycle" your money that you invest in real estate, mainly by either BRRRRing single families or doing something similar with multifamily.

For BRRRR investors, seasoning requirements can significantly impact your ability to quickly recycle your capital.While most lenders require you to hold the loan for at least 6 months (aka "seasoning"),Fabulous 5BUY - short-term bridge financing to help you with investment property acquisition.REHAB - With up to 100% rehab financing, you can stay liquid through renovations.RENT - Tenant in place or future tenant.