Hey Cam, welcome to BP - I'm from Boston originally, happy to connect with you!

In my experience, the cash flow may be substantially reduced (or even become negative taking into account interest rate of original loan and refi closing costs).

I would give the lender a 1% origination fee and payback the interest on the loan in 2K/monthly payment.

Quote from @Brandon Croucier: Well once the loan is Originated there’s no taking one out and adding another, I wouldn’t touch a blanket in that position then, there will be difficulty taking one out/penalties, definitely just suggest a cashout refi.

If separate water line services for each unit weren't part of your original scope of service, then they are justified in asking for additional payment to redo the plans.

Is origination costs makes you select the Lenders?

Originally posted by @Frank Vanegas:Hello Everyone, I am a first time Home Buyer/ Investor looking to purchase a home in the Orlando Area.

@Coty LeBlanc I originally used it as a set it and forget it tool and it was better than not having I suppose, but then I really dug into training and learning and I saw 50% increase in one property and 20% in the other.

These can be further broken down into lender closing costs and third party closing costs.Thelender closing costs can include underwriting fee, processing fee, funding fee, origination fee, credit report fee, and tax service fee among others.

Originally posted by @Morgan McRae:I found this discussion very helpful.