our average HML lasted 91 days.we would not make the HML unless the borrower was fully underwritten and pre approved with ARV appraisal in hand.. so then we just needed a 442 for the refi to go through. 

The little mix-match of hardware costs nothing extra and just shows you are more creative than the average rehabber.Countertops - quartz.

@Roger Pokorny so my wonders are that I’m looking to purchase, 2 bd 1 bth homes because the average market for rentals in Muncie seem to be at 700 to 800, those 2 be 1 bth are selling for 15k to 30k.

My AirBnbs are 2 bedrooms or less and stay occupied 25+ days a month on average throughout the year.

If you can wow them when the step in the door, you have a better than average chance of getting the price up. 

While Freddie Mac estimates that homeowners who refinanced last year will save an average of $2,800 on mortgage payments each year of their loan.

Therefore, my net gain after the sale, and paying off the existing mortgage, was $10,261.Summary of NumbersBelow is a summary of all the numbers.Total Invested of my Own Money = $0 (given I used a HELOC to fund this investment)Total Earned from Sale / Refi = $20,342.62Total Cash Flow = $1,047Total Earned = $21,389.42Why I SoldI currently have another investment opportunity I would like to capitalize on.In addition, given the age of the property (built in 1897), I could not see myself holding this rental another 30-50 years without significant capital expenditures, that were in excess of my original assumptions.Finally, I thought that this may be a better than average time to sell, given the current housing market.

Purchase: $400-$500k (significantly under market value).rehab: $50-100kARV: $750-850k 8% average annual appreciation over the last 10 years.

The three houses were rented already (for average of $800) and the three commercial were vacant but only one needed significant repairs.

The average rents has to cover the principle, interest, taxes and insurance (not room rentals) a 3 bed rents for about $3000???