Be at least 660 feet from any other short-term residential rental as well as 2500 feet from a Resort Hotel4.

Buyers who want to go it alone generally are either highly knowledgeable buyers who are going to beat the hell out of sellers or cheapskates who don't want to pay for value. 

To get this amount through a cash-out refinance at 80% LTV, the home value must be at least $453,800 after one year.Based on your report your ARV right after reno is $425,000Add a 8% home appreciation for one year $34,000Estimated Home Value After 1 Year:$459,000Assuming a refinance after 12 months with a property value of $459,000: New Home Value (Post-Appreciation): $459,000 New Mortgage Amount (80% LTV): $367,200 Existing Debt Balance after 12 months: -$360,000 (because you have been paying interest only) Assuming Bank fees on New Mortgage: - $200 Cash Pulled Out: $7,001, allowing you to recover to pay only 7k on your initial investment of $29,790, leaving $ $22,789 in the deal.Many new investors mistakenly believe the BRRRR strategy ends after the cash-out.

Helping others and adding value should be at the top of their list, not making another dollar!

We have two kids in daycare etc so our savings rate is still good, but we both work from home and the nursery is a shared office as we outgrew this current house faster than expected so we are trying to move by the end of 2025 at the latest.

Yes, we can grow wealth faster through leverage, but it also comes with risk.

@Sean Vidrine - I will definitely be at the next meeting.

There is a lot you need to know to be a successful investor and landlord and while nothing beats doing it -  as the best way to learn - you really need to have a good understanding of the fundamentals and the ins and outs.

I'm looking at MFH $450k and up in the Ohio markets (Dayton, Cleveland and Columbus).Cash:- Higher CoC returns- No risk to being having negative cash flow with a loan (excluding capex)- Buying/negotiating power with speed of transaction - No interest payments- No risk of foreclosureFinanced:- Possible exponential equity growth - Growth of initial investment is leveraged ~4x and most likely beat inflation in a decent area- Mortgage interest tax deductions - Better financial efficiency from more doors- Better diversification across more properties Are there other considerations I'm missing? 

Have you paid their standard fee (or beat them up to lessen it further) or a premium to cut the line when updates or revisions are needed?