While I appreciate that & don't want to push them out, they are well below market rate & the unit is a disgusting mess, approaching hoarder status.

It sounds like an incredible resource, for $200 having a fully designed materials and fixtures schedule to pair with a labor only GC or a GC that can work well with a prescriptive materials schedule. https://ivoryhome.co/predesigned-packages/Just curious how other people’s experience has been.

Your first clue will be how they approach showings.

I’d love to hear more about how you approach finding these under-$2M properties and what strategies you’re implementing for operations optimization.

Be that as it may, with this approach, you will have to provide some value for your folks even to consider this.

I want to refi and pull some of that equity out ($200-$250k) so I can keep growing my portfolio but I'm not sure how to approach it as it would obliterate the cash flow I currently have, and in the current market I won't be able to make up for it with additional properties as they would also have minimal cash flow.

I like the 1% rule it's a conservative approach to underwriting and aligns with my risk mitigation techniques.

Here’s the approach I’d take, blending strategy and action: 1.

I have flown into north bend many many times I would go on IFR training flights from Aurora and my go to  was first to Newport then shoot the approach into North Bend  which takes you about 5 miles out into the ocean for the procedure turn.. always could find some actual weather there..

Quote from @Michael Florkowski: I really like this approach.