Don’t be surprised if you find yourself downing a few extra coffees while sifting through properties, but hey, that’s part of the journey when you’re aiming for that next-level investment portfolio, right?

Luckily I had extra cash and I will close.

I don’t believe a tenant can stay forever, and I can cover the extra payments and lawyer fees for up to two years for the tenant who will be harder to remove.

If you're only doing one off flips here and there this won't work though as you'd be paying extra interest that you don't need to. 

Truthfully though, I would do a cash out refinance for a large sum of money on my primary residence to ensure I do get a better rate. 

With loan extension you might have to come up with extra payment to get DSCR in range lender will approve.That is why to go through this exercise NOW and if you know tenant wants 300k TI to extend and bank wants 300k to pay down estimated balance when new loan placed you need 600k to come up with.

Quote from @Devin James: Quote from @Jay Hinrichs: for us we do very little marketing we rely on MLS what we do to compete is spend an extra 10k or so per house with upgrades other builders simply wont do..

Nothing could be further from the truth.  

It ended up costing an extra ~$6k in closing costs but I think we did OK. 

Again, it's not complicated, it's not illusive knowledge, it's the obvious truth all around us.