also, you are correct about the $4500 upfront cost.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

There are a few Categories that I have broken into their own calculations considering there may be cost savings depending on strategy employed.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Current estimated value is 315K.

Example with conventional I have 20% down, if the refi requires 30% to stay in then the extra 10% is limiting.Rents in the areas I am looking come in on average $2000 mo. for a place costing $250k.

Not sure, if this means hiring multiple people (one for appraisal, one for inspection, one for cost estimates)3.

We thought about doing a cash out refinance which would give us roughly 40,000 after closing costs.

There are no fees each time you draw. closing costs are often minimal, and the rate is similar to a hard money loan.

They might make you open some things up and it will likely cost you (really depends on how strict your municipality is, I would ask someone there for a better idea.)