Well I thought it would have an impact on how I look on paper for the future.

Just a quick follow up on this (maybe someone will benefit from it in the future).

I explained that should I need to reach her in the future, being that she is located so far away could make things complicated.

@Dave Van HornOnce again I'm thankful for the guidance and I look forward to repaying you with lunch or coffee in the near future. 

I would use the cash flow for future capital or for paying down the principal. 

We can always cash-out refinance in the future, but will probably only do that for our primary residence (which is on schedule to be paid off in ~10 years).Without looking at your numbers, it sounds like you still need even more cash flow, either (a) through refinancing - such as your current plan to refinance  combined with buying more properties, or (b) you need to adjust your current living standard.

The important thing is to learn what went wrong and use that knowledge to ensure a bright future.

I realize that the site says "In the future, we will expand in adjacent markets like multifamily acquisition and renovation, and non-bank new construction, which will greatly expand the market size addressed by Groundfloor."

Proximity to jobs is the #1 reason that people live in this area, and will continue to do so for the foreseeable future. 

I will reserve my opinion on your future.