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.  

But as mentioned, both have their upside and downsides. 

Schedule flexibility in your main profession is one of the biggest advantages one can have when getting into real estate.

You're the one taking the biggest risk.How much is your borrower putting into the deal?

The problems you are having are pretty well documented as the biggest issues of OOS investment.

Real estate investing affords so many different options for making money with the downside being that it is extremely easy to get distracted by the latest shiny object.

And that's strict...that's how you get the biggest return and make it worth while.Is this is the same strategy for BRRRR?

This sector is the biggest eater of margins and can decide a profitable holding versus a loser.

Also, you may be near the top of a market cycle which increases your downside risk.The solution is to be “Market Agnostic“ as I talk about on my podcast and articles all the time.The country is large with over 400 major MSAs.

@Dario Furman the biggest question is why you would be interested in this bow wow.