If you can shorten the window on the cash out refinance to the next purchase/refinance the rate is not really a factor.

ARV is a very important factor here. 600 FICO is minimum. 

It depends on a few factors: First, the fires.

ON THE OTHER SIDE, the liability and cost of fencing it in, as I would need to do, is a huge factor... 

You have to factor in demand and vacancy rates to determine if it will be more profitable, and that’s specific for each market.

Your accountant should be able to factor that into your total cost. 

If I were you I would factor in a 50-100% increase in your insurance rates over the next 3-5 years.

I’ve been in a similar position where I wanted to scale but equity was a limiting factor.

With fluctuating interest rates, tighter lending criteria, and increased competition for properties, securing the right financing has become a key factor in closing deals and maximizing ROI.Are you exploring creative options like BRRRR, partnerships, or seller financing?

Besides the stress, the other main factor that I want to point out is- time and use of money.Wholesaling would have been much faster and that money could be used for the next deal faster.