Capitalize on consistent cash flow & appreciation, potentially tap into equity at year 5-7, get out & re-invest between year 10 & 13.

The property consists of two 3 unit and one 2 unit buildings. 

i think there are obviously a few different aspects to the FIRE movement - 1. discipline on saving and spending. 

Hi @Philip Jones,For the refinance aspect, the main factors will be the FICO Score, cash flow of the property, and as-is value.A Higher FICO will let you get a larger loan size and lower interest rate.Good Cash Flow will ensure that your property will be profitable for you and enable you to get the max loan size that your FICO allows for.The As-is Value will play an important role in making sure that you meet the minimum requirement for a DSCR loan of 100k, but also in making sure that the rehab work that has been done provided significant value add.

I'm trying to figure out if I can get the consistency in MTR for the price I need to cover the mortgage. 

I am looking for any type of avenue that would give me first hand experience in any aspect of real estate investing, managing, etc. 

Need to look at the other aspects to show the way. 

Year leases offer consistent income (less chance of vacancy), and tenants can plan to vacate after a year.

The fact that they split the rent up makes it much, much easier to raise rents on students versus non-students.4) CONSISTENCY OF THE TENANT BASEBarring a catastrophic occurrence, the University will be there for a long time.

Waco is a great rental market because there are so many blue collar jobs that provide consistent demand for housing (I have heard that 80% of homes in Waco-proper are non owner occupied) but there is a lack of white collar jobs that would keep Baylor graduates here or bring working professionals from Austin/Dallas.