Are you priced fairly and have a low security deposit?

The other factor to consider is less tangible, but comes with mental security.  

You want to make sure that asset is secure.

While I secured the initial financing for the property, I have two other partners/groupings (a total of 6 people) that are contributing to the closing. 

If your DSCR has improved or market rates have dropped, refinancing might secure you better terms and improve cash flow.

We know we want to create an llc but is it difficult to secure a loan?

But if do a BRRRR from far away that's risky too, without a really good and trustworthy team in place and lots of checks and balances (security cameras, someone local to check on your property) and the ARV and refinance aspect can be challenging.  

This in return has been affecting my ability to secure a recent refinance I attempted with a renowned bank.

Many of our clients have done this and secured much better terms....EricThis spreadsheet decision is based on what you can afford and when you expect interest rates to fall.

Our battery went out and our son had to crawl through a basement window but I doubt too many people could have done that, he was impressed by our increased security but didn't want to drive 2 hours back home so he found a way.