That drive is what sets apart winners in this game. 

If you have other money to grow your portfolio even with $107K left in the property then  hold the property. 

I have one of my ex-homes in my portfolio.  

Yes, the more units you go up, generally the less players in the game so there is some advantage in purchase competition as you go up, but also more management scale and cap ex for someone who is new.3.

A little background about me, I have just over 200 doors in my current portfolio and our company manages just over 250 doors for third party investors in addition to those. 

No Bank, Credit Union or Portfolio lender wants to foreclose on any loan if there is a way not to.

I already have land holdings near Everett that will certify out at 304 salable density bonus credits.To play this game, I get certified and then "clip off" the transferable development rights for sale to urban developers in the county, who can cash them in for an increase in dwelling unit density from an original 22 units/acre to 58 units, and building heights from 45' to 75'.

Most people are refinancing a BRRR because they are in short term debt (like 12 month hard money used for purchase +rehab financing) or own the property free and clear (they bought all cash) and would get a higher return on equity by leveraging the property and reinvesting the cash out proceeds of the loan to scale the portfolio. 

I am the VP of OmniKey Realty LLC and we specialize in working with investors to grow their real estate portfolio.

Our team works exclusively with out-of-town investors and have the support program in place to help build a strong portfolio.