Original is better and BIN is what is used on burned property to seal in the smoke smell.

With this strategy, you may be able to cash out your original down payment funds to recycle into the next project.

I have a seller financed performing note I would consider selling. 

Originally posted by @Pat Jackson:@Sam Barrow@Ned Carey, thanks for the input. 

Originally posted by @Jonathan Rosado:Hello all,My wife and I would like to purchase our first rental property (triplex).

Originally posted by @Patrick Britton:Can someone help me calculate the total costs to do a cash out refinance? 

@Jaz PatelIf you want lower risk then I suggest either performing notes or being a hard money lender. 

Originally posted by @Connor Anderson:I am looking to get into my first deal and I have looked at 3 different lenders. 2 of them gave me a very similar rate and I know people that have used them for deals in the past.

Have you looked into getting these properties to perform better before making another move?

We have an "accidental" rental house in rural Missouri that was originally bought as a primary residence and taught us all about what doesn't make a rental house profitable, so that is the extent of our experience so far.