Just so I understand, in a market where ARV's can be much much higher than purchase prices, it is not always ideal to extract the full 70% of ARV.

Most hotels will simply never be conducive to being a multifamily and most larger cities will extract a pound of flesh in the process.

The idea behind BRRRR is to extract all of your investment to be able to reuse it. 

This is less an issue if house hacking (95% LTV), doing a value add with a refi (extract out of investment), or using creative financing (obtaining higher than 80% LTV). 

Seems to me that I need to concern myself more with extracting as much value as possible out of the first few properties and not comfort.

@Karl McGarvey This is a bit off-topic but just feel it's my responsibility to make aware to a customer of Chase that they are the number 1 (in the entire world) funder of fossil fuel extraction.

You'll be at least a year re-letting and any cash would be a lot more valuable now vs paying lawyers to extract it.

It's a nicellitt le scam so bidf*rassets can charge $35 and tempt you to bid on whatever is left of the dredges--- with their enticing "automatic extension" type bidding system to extract every dollar.

You will have a capital gain and some cash at that time, but not an income stream for life.The good news about owner financing is that your capital gain taxes are spread over the life of the loan to your buyer.Another option that you could consider is to refinance the property yourself to extract the equity tax free and then reinvest those funds into another rental property.It looks like you made a great investment with this property. 

We often have hard time extracting necessary information from messy spreadsheets that our first-time clients show us.