Here is the scenario:Property zip code: 77414Property information: SFH, rented at $1700/month: 1-year lease.Owned since 2022Market value: $220,000My FICO: >750Preferred PPP: 3- or 1-year optionsI'd like options on a cash-out refinance of 60-65% LTV on subject property.

A value add opportunity?

I used the VA loan and after moving to NC with 1 years passing I was able to make it a rental property.How did you add value to the deal?

The value around $20k according to the local tax office.

If you want to maximize rents and attract quality tenants (the parents), make sure the they see value and saftey for their kids and they will pay. 

The properties that I have at similar value are 50% less.

I personally wouldn't do this with the current state of the market unless you are doing value-add.

While I look & wait for the next house hacking opportunity , I've identified identified Value add as the long term strategy I’m most interested in.I am looking to get started with Fix & Flips and also BRRRR to get experience with Rehabs with a focus on using OPM.

Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit.

It was a 3/2, 1200 sq. ft. and a large backyard in a quiet neighborhood with $125k reno budget and It’s after repair value would have been between $1.6 – $1.7 mil.