Cash-out refinance cons: you are extending the life of your mortgage, in your situation your rate will go up, and depending on your loan type your max cash out may be capped at 75-80% LTVHELOC pros: closing costs tend to be slightly lower, you may be able to get a tax break depending on what you use it for, allows you to maintain your current interest rate, and you can borrow up to 85% LTVHELOC cons: interest rates tend to be higher than a refi, usually come with a much shorter term (5-10 years), you will be making two payments on your house vs. one, and your monthly payment may vary.If you PM me I'm happy to chat further or plug numbers into my system for you :)Best of luck!

If you haven’t been to it already, the Bigger Pockets blog features links to their fantastic podcast and many great articles: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

Checkout the features on Vestmap.com.

Should i be using Cap rates, COC return, or which other metrics to guide me in this?

The free option, however, has a cap on how many documents you can e-sign.

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Those are typically higher cash flow, higher cap rate properties because they are higher risk, higher management properties.

My name is Matt and I manage the Wichita featured agent program at BiggerPockets.

Just curious if the rent cap (5% + local CPI%) applies here when the lease is expired soon, where the tenants does not have a M2M option, and they choose to stay another year for renewal as usual?

This is a great forum with very knowledgeable members that will help to guide you in the right direction.If you haven’t checked it out already, the Bigger Pockets blog features links to their awesome podcast and many great articles: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.