Today it has doubled in value with only about $75,000 in repair money.

Today this would be possible in high priced markets were your average loans are more in the 500k range so only 10 a month.. like CA  NJ  Denver and ski areas . 

Top Renovation Trends for 2025: Renovating homes isn’t just about updating spaces—We have found that it is about creating a lifestyle that resonates with today’s buyers.

You used to easily be able to do this with 2 unit properties, but with prices and rates today it's hard to make this work anymore, unfortunately.

Those landlords are all still investing today. 

The loan is 12 months, pulls twice a month, the interest is minimal because I'm paying it off so fast. 

We signed P&S agreements on 6 different properties totaling 20 units approximately 8 months ago and received a call today that the price we thought we were buying at has to-be increased on average 13% due to the increased cost of construction.

It is tax free in the sense that you will not owe taxes today on the cash-out.

How much should I consider the impact to the higher interest rates of today?

For example, if you buy through Wayfair directly, you'll get fairly fast notifications of expected ship date, when it's shipped, delivery date, etc.