Hey @Brad Rush Welcome to the Bigger Pockets tribe !

Closing costs for a refinance are always the same: origination charge if the bank has one, title, appraisal if one is required (usually paid out of pocket by borrower), any points for the rate if it's below par, pre-paids such as taxes and insurance for your escrow account.

Hey @Aaron VasquezWelcome to the Bigger Pockets universe!

Feel free to ask any questions in the bigger pockets community!

(Weird strategy, but I was in my 20s, and it was all trial and error, mostly the latter) After recently discovering bigger pockets, I want to use my equity to circle back and expand our portfolio.

I know many investors out there are using the BRRRR strategy in order to acquire properties with little to no expenses out of pocket. 

So you would be spending approximately $850 per month out of pocket for this house, after your friend pays you rent.Also, as others have said, you need to be very careful renting to friends and family. 

I've  always thought renting to Section 8 tenants would be one of the safest ways to get rent paid on time minus the fact that some may have to pay a little extra out of pocket.

I've been following the Big Pockets podcast and would love to meet so more people to talk about how you've gotten started in this crazy area.

If it were mine, I would pocket any insurance money and dump the property.