Then it adjusts every 6 months after that.

Kudos for taking action and adjusting course when needed!

Now anytime in Northern CA when winds get past a certain speed there is rolling blackouts..  

The bank does still ask for my tax returns each year and with each deal and my adjusted gross income last year was comparative to your stated cash flow from your rentals.

It's crucial to evaluate how the deal performs with the new mortgage:Updated Financials After Refinancing: Market Value: $250,000 Mortgage Amount (80% LTV): $200,000 Equity: $50,000 Interest Rate: 5% (30-Year Amortization) Assuming after 12months the rate will drop from 6% to 5%Monthly Expenses: Mortgage Payment: $1,074 Property Tax: $260 (4% Adjustment from last year) Utilities: $309 (+3% Adjustment) Insurance: $104 (+4% Adjustment) Vacancy: $105 Repairs & Maintenance: $105 (now after 12 months we can assume we have repairs at 5% factor on annual rent) Total Monthly Expenses: $1,957Rent Income after 12 months assuming annual rent increase at 5% : $2,100Cash Flow: $143 per month 😊Year 2 Return on investment $2,951 Principal Paydown year 2 $20,000 Property Appreciation (assuming 8% per year) $1,720 Yearly Cash Flow (this will increase as rents rise) $50,000 Initial Equity Total Gain $74,671 with just $ $22,789 remaining in the deal. 

Today, she’s cash flowing $400/month per unit, thanks to strategic updates and rent adjustments.

With the limited access in Yardi, you won't be able to adjust account trees and create multiple customized financial statements. 

It may make sense to save a bit more and invest from a position of power.Keep in mind most helocs are adjustable.

It is quite the adjustment, but I LOVE IT HERE. 

It's adjustable based on size, erring on the side of generosity.