You have to make your own educated guess on where the market will be when the hard money loan comes due.

With proper networking, education, and hands-on involvement, you'll be equipped to make your own decisions.

I am builder/ rehabber so most of my expertise is in that area of REI but I am very knowledgeable in all aspects of RE and will try my best to give you the best answer that I could to help educate you and help you grow exponentially like everyone in the network helped me.

Although it's been working out very well financially, I've come to the realization that I can't continue this way  something has got to give and it's becoming apparent what's giving is my sanity.  

Fannie Mae no longer requires "continuity of obligation" for rate/term refis.

I just closed on my first rental property and plan to continue BRRRRing.

Good luck continuing into those deals in your market and thank you for your service! 

But, it requires that we continually buy properties so that we can continually renovate and do cost segs otherwise, at the end of 5 years, the deprecation write off drops and our AGI goes back up. 

So far I have been expensing  my education cost, application fees, and other association fees to the partnership.

You'll likely continue to hear different stories, for the simple reason: Different Lenders = different rules/overlays!