We always leave those extensions and dates up to a client's CPA.

@Dakota Williams While it’s nice to improve the ARV and obtain appreciation for when you sell I’ve discovered that most of the time I can’t access that “hidden value” because to refi out the new value would leave the property with negative cash flow.

Now mainly because of this boat, he is Not paying rent for this month and wants to leave(I'm happy that he wants to go).

I think this way of thinking is a bit foolish and can leave thousands on the table.When I'm looking to process a renewal, whether for my own investments or for my clients, I start by completing an analysis on the tenant.

Your decision and actions here to leave a false review and then delete your account to remain anonymous reiterates your character.

But they effectively only invest with sponsors that have been around for 15+ yrs, so there is a track record.Clearly, $1mm/yr investments to $20+mm/yr investments leaves a significant gap, which is all grey area.  

I would leave 10K for anything that comes up after the fact. 40K would be 120-160K range on a SF.

Obviously speak to a lawyer or someone with more knowledge, but I have heard of people leaving their FHA home before the first year is up for much worse reasons. 

To get this amount through a cash-out refinance at 80% LTV, the home value must be at least $453,800 after one year.Based on your report your ARV right after reno is $425,000Add a 8% home appreciation for one year $34,000Estimated Home Value After 1 Year:$459,000Assuming a refinance after 12 months with a property value of $459,000: New Home Value (Post-Appreciation): $459,000 New Mortgage Amount (80% LTV): $367,200 Existing Debt Balance after 12 months: -$360,000 (because you have been paying interest only) Assuming Bank fees on New Mortgage: - $200 Cash Pulled Out: $7,001, allowing you to recover to pay only 7k on your initial investment of $29,790, leaving $ $22,789 in the deal.Many new investors mistakenly believe the BRRRR strategy ends after the cash-out.

Find a couple minor, obvious things you can leave for them to tell you to fix.