You can then block out some time in slow season for a refresh and also indicate your plans in your listing.

Question: assuming an ideal brrrr that has all investment extracted at the refinance, why would you choose a low cost market over a high cost market?

If there is a property manager, your success rate is going to be very low.   

And as I explained earlier, your investment is protected by real property, so your risk is extremely low. 

And the GP got cash, and low reported gain.  

• The “Tour Guide” makes the opposite mistake: they spend all their time pointing out flaws and justifying a low offer.

You might want to check out the Detroit Land Bank Authority, which sells rundown properties at super low prices—as long as you commit to renovating them.

Quote from @Mary Jay: Quote from @Jay Hurst: Quote from @Mary Jay: hi guys,so I have a lot of equity in one of my rentals but the interest rates are super low on it. so I dont want to do a cash out refinance on it because I dont want to lose the 3% interest rate on it.I want to get some cash out of it via Heloc or another vehicle,  so I could buy another rental, but its not my primary, so I cant get a HELOC on it from lots of banks....I think PenFed does helocs on rentals, but because I have more than 5 rentals, I dont qualify for their HELOC loan.IS there a bank that would give a HELOC/cash on a rental?

In some areas with low water cost the expense of splitting may not be worth it.

These range low 500s to the mid 600s.