@Rod Merriweather The small bank’s offer of a 6.875% cash-out refinance at 60% LTV is reasonable, as it consolidates your HELOC and mortgage while providing capital to reinvest.

If there’s appreciation you refinance.

This can be particularly advantageous as you’re learning the ropes and gaining experience.On the other hand, the BRRRR strategy—Buy, Rehab, Rent, Refinance, Repeat—can be a great way to build wealth and leverage your investments once you’re more comfortable with the process.

Buy them well so you can refinance out the downpayment with a Home Equity Line of Credit with lenders that will do that for you and go shopping again.

Now I am doing a cashout refinance and I will still make $1800 per month and have money to buy a flip or another 4 plex.

Sell the DADU for $500k-750k+ (or keep it as a rental and cash out refinance.)6.

A cash-out refinance might be better if you want to park the money somewhere.

Selling some property to pay down high-interest debt is good, but also consider looking into ways to refinance or leverage your existing assets for better cash flow.

Did BofL do a an acquisition/rehab loan and refinance to a DSCR loan?

However at those numbers, you'd have to get a HML and increase value, then refinance into long term debts