While Owensboro has its advantages, it doesn’t usually stand out for most investors from a price to rent/ratio standpoint.

@Mark Thiel This is not legal advice but I think most LLCs are overrated unless you are required to have them for lending like with many DSCR loans.

Javaria, Welcome to BP!

All of my TVs have "guest mode" that prompts the guest to enter their check-out date.

Most simply, let's assume you do a cash out refi for $336K and the interest rate is 7.00%.

There are two types of return from a rental propertyCash Flow & Appreciation.I normally also aim for a minimum of 8% return between Cash-Flow and Appreciation.Appreication, nationally, is around 2% to 3% annually.Therefore, your goal is to get the cash-flow to be about 5% to 6%.The issue is interest rates being very high, you would therefore, need to buy at a pricepoint where the numbers still make sense.You can always put down more of a downpayment to cash flow, but that will impact your cash on cash return calculations.Best of luck!

H @Matt OsborneYou have come to the right place.

I'm looking forward to the future with everyone!

Either way, i always decide to buy additional properties as opposed to developing what i have, because I’ll continue having that and can do what i please in the future. 

I’m now looking towards scaling up.