Depends on the home value.Jatinder ... be aware some of the advice being offered above is U.S.A centric and things will play a little differently in Canada.When dealing with residential financing in Canada, the only costs on a refinance (with the same lender) would be any pre-payment penalty on your existing financing; an appraisal of the property (you can usually convince the lender to eat this); and the cost to register the new lien on title (lender normally eats this as well).If you were planning to force equity and refinance a property shortly after acquisition, you would initially finance it with open terms (no penalty for pre-payment) or a variable rate note (penalty is 3-months interest).

Sell, do a 1031 exchange so taxes don't eat up your equity  and buy two smaller SFs for cash or a little bit of leverage or even better yet buy one with cash and one with leverage. 

People need to eat too and they're not telling grocery stores or restaurants they have to give their food away for free.

I was cautioning you against buying in an area that is super low acquisition, consistently section 8 tenants and high cash flow- typically those areas don't appreciate at all and management, maintenance and turnover can eat all of your cashflow up anyhow.

Goes golfing 5X per week, eating out and drinking brewskies while doing it. 

Plus many people eat or vaporize their THC.I have zero issue with this.

You also want to be sure that your investors aren't putting all their eggs in one basket.

Plug your phone in and set it on the counter while you cook or eat.

If that's the case, the fees will eat up some of the money I put down originally.

This is what can really hurt a flip as taking 200 days instead of 90 can eat your lunch.