Hey everyone,I bought a property a little over a year ago and I have been paying extra onto the principle and I was just wondering if it would be a smart move to refinance to bring in a little extra cashflow per month?

Yes Just need a Purchase and sale Agreement that is assignable to a buyer.I do bring 2 copies to my deals to just have an extra one to leave with the seller so they have a copy .

I I have to move as I will need all the extra money to take care of the bells and whistles.  

The idea while good in theory that some might "stick" surely means losing support of realtors over time:- In the 1st place it means a lot of extra work they may not need nor want, -In the 2nd place, many if not most of these offers will probably need re-negotiating of price and no doubt subsequent failure of the contract.

Such Sub-Prime lenders deserved and expected higher rates to compensate for the extra risk and the probable higher costs of recovering their money.  

When I am purchasing my townhome the lender wants extra stuff from HOA and it turns out HOA is under litigation.

Here are some scenarios that I can think of:1) Use the extra money from the rent to get to 20% equity and eliminate PMI.

Now that I have 12, I am understanding the "ebb" or "flow" of operating capital and  how to easily keep 6 months reserves, it is all easier with more cash flow now, in a few years you can refi or pay extra principal if you like.  

Also has a detached garage that rents out separately for extra income. 

Should I get a little extra (higher LTV) for the next investment?