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Trying to keep as much cash on hand as possible but I understand your point.The challenge: As prices for homes go up, the rental market in certain areas can hit a ceiling (based on avg I come in that area) so you start heading toward diminishing returns. 

After my first year of doing a couple BRRRRs, I'm trying to wrap my head around the money we pull out via refi.

Optimal placement of the indoor unit is important as well, I've seen some DIY installs that left me scratching my head. 

@Christopher Murphy, @Julian Colvard nailed it on the head with the appraisal gap clause.

I always have bloated prices in my head for everything. 

Im sure there are a lot of people who have a price in there head of what they think their property is worth.

I gotta read this multiple times to wrap my head around the concept!  

I just wanted a few general questions to try and guide the conversation and to try and get a peek inside their head to understand how they think about real estate.

I have a lot of head knowledge but I’m drawing blanks as to what I should do.