I understand at a high level how refinancing works (at least with traditional 15yr/30yr loans) but was wondering how that comes into play when you have to pay a PMI.

If you and the contractor don't 'click', no matter what their cost or how stellar their references, working with the contractor will feel like pulling teeth (unless all the references specifically state "great work product, but terrible to work with").My company will win contracts, not because we are the cheapest, but because we are able to work with clients on a human level.

For the contractor, I'm sure to him, he feels it's worth it to be able to get to the next level; and it may be.

You'll get some house information and hopefully a good read on the motivation level of the seller and their situation.After they finish talking, I give them a brief overview of the process.

Sounded to me like a guy who had been around and who carried on a good business approach to RE multi-family.RE is a business, if you're business minded, an astute student of business, you'll find the podcast a great introduction into the business.What was not explained was the interpretation of the business, the demographics and drilling down to the street level of the project which is absolutely the key to multi-family housing.

@Tom Scott I think it's extremely important to operate within your own comfort levels especially when you first start out.

Had it been renting at that level of income for years?

This was a foreclosure and a fixer upper, but it was a good deal.

I want to take my investing to the next level, which brings me back to my question.

Another aspect is are you looking for move in ready or are you interested in a fixer upper.