Hoping the BP community might be able to come up with some solutions with me- ideally we just aren't losing money on the thing, which our payments are $1,200 a month.  

When interest rates were lower there were more deals to be had and cashflow was solid with even a moderate down payment.

Downstairs 2/1bth $600/mUpstairs 2/1bth $500/mProperty needs work and am asking $120kWhat down payment would you suggest?

This tenant has ignored my warnings - to stop smoking in the unit (multiple times), having unauthorized guests in the unit without my permission, have spread rumors and lies about me throughout the neighborhood, and have ignored my texts (only method of communication).  

For example, on top of down payment & credit score, you also need to factor in the actual DSCR percentage and if there is a prepayment penalty or not.

The main difference is that you don't borrow "money ", but instead buy the property from the lender over 360 payments, and the price of the property is marked up - this is the "profit" they charge.

The difference in his payment was $14.58...Your main focus should be the closing costs.

Be super careful if you aren’t able to make these mortgage payments out of pocket if no rent comes in or a large capex expense “suddenly” comes up. 

Some ground up construction projects and major renovations can save you as much as $5 to $15 per square foot when you consider the benefits of ECO construction methods.

DSCRThere are multiple considerations to optimize the refinancing portion of the BRRRR method.