The downside is in most cases the interest rate can adjust from day to day. 

My biggest fear is I will purchase a property and won't be able to rent it at 1k or 900 due to so much lower competition for the same specs in the same neighborhood. 

Think of it this way, a lender is the biggest investor in the deal.

The biggest challenge since buying the property has been staying motivated to rent it out.

@Dillon HutsellIt's by far and away the biggest life change you will encounter, but it will teach you a discipline that you take from your military life and incorporate into how you invest.

Contractors have been my biggest struggle in this flip.

One of the biggest lessons learned from this deal was getting it to pass inspection.

One of the biggest lessons learned from this deal was getting it to pass inspection.

The biggest obstacle, and the biggest reward is found in matching you, the property, and the manger together.  

So if the investor just wants to limit downside and clip coupons, a refinance works great.But if the investor is more focused on total return, they’d do better with an exit because they get all their money back and all of their profits.