Yes, it costs money and is probably not worth it for under-7-figure assets/portfolios.

Good luck Thanks Dan  Yes  we are not selling for the reasons you mentioned and yes we are talking 7 figures of appreciation .

I too live in Marin, and feel it is a solid long term market for apprecaition, and utilizing the power of principle reduction.When it comes to refinancing, figure out what the loan costs will be, then divide that buy the monthly savings with the new loan in order to determine how long you have to maintain that loan to break even. 

@Ethan Slater here's some info we hope you find useful:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

@Josue RamosRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Not only what it's like owning rental property & all the responsibilities that come with it, but you'll also figure out if owning property is the right kind of investment for you. 

After a few months you figure out that your team has not really engaged your property on a regular basis.

Connect with some contractors who can help you figure out what kind of rehab a property might need

Is in there, but a great thing you can do now is get your "core 4" figured out - agent/lender/manager/contractor - obviously you can adjust this and do one of the pieces yourself (self-manage for example) or don't need a contractor if you do only turnkey etc but getting this nailed down early is key

If so, how have y’all figured out level 3 soils tests before purchasing the land at auction?