After the remodel, we refinanced with a commercial loan and recouped the cash we put into the remodel.

If you’re ready to grow fast, I'd lean toward refinancing for a multifamily property.

After the remodel, we refinanced with a commercial loan and recouped the cash we put into the remodel.

We essentially are stuck with an overpriced, though performing property that we would need to keep refinancing every 5 years until we can get it off our plate.

No bank will touch them for refinancing and I don't know any HML that will bail them out either.

I've also heard lender may require repayment or refinancing of the loan).  

Using smart financing like portfolio loans or refinancing after value-add improvements can free up your capital for future investments.Diversify property types – I’ve seen investors get stuck in one type of rental (e.g., single-family homes) and miss out on opportunities in duplexes or small multifamily.

Presently evaluating refinancing to take my downpayment money out of one property (at that point it feels like a "free" property) and balancing if I should focus on aggressively paying some properties off or keeping leverage... classic dilemma I guess.

A backup plan may include renting or refinancing the debt.

Cash purchase and rehab then refinanced How did you add value to the deal?