But, VA is the only "owner occupied" loan type that you can actually refinance after you have converted this to an investment property! 

you mention applying for a loan …..does this mean you own a home and were  trying to refinance it  ? 

It's a huge win, and I admit, at the top end in terms of outcomes.Most deals are leaving $5,000 - $15,000 post-refinance but still nicely cash flowing.In short, yes, there's a lot of opportunity in Detroit but you really need to understand the market or work with folks that do.I'd be happy to chat with you or anyone else looking at the market there.

In that case you could be forced to refinance, I suppose.

.: Hello,I have several SFRs that have lots of equity in them and I wondering if anyone used a method of cross-collateralization to pledge the equity as collateral, thus avoiding doing a cash-out refinance or HELOC.

Once I have more equity hopefully refinance and use that to get it cash flowing as I put a downpayment on another property.I have a friend who said he would like to be a roommate with me.

My last W2 we were doing a $400M loan refinance on a $1B+ portfolio of buildings and the loan still had recource on it.  

Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)

A home inspection would not have anything to do with a rate or a refinance for that matter.  

GP wanna get out at 5.5 buyer wanna buy at 6.5 only.I keep hearing in-refinance , i don't know what that is, maybe refinancing / debt restructutization for another 5 years ?