I locked in a great rate at 2.25% in 2021. 

Funding came from a small local bank here in Memphis, Tn How did you add value to the deal?

It's certainly competitive but as long as you have everything in place, contractor, funding, and deal source it can be quite lucrative. 

Considering the high interest rate, the projects and COC return seems too good to be true.

Could you sell or 1031 exchange a dud and use the funds to buy something else?

Buying term life insurance and mutual funds are easy. 

But I'm wondering whether it is wise to put more money down for lower interest rates or take a hit on interest rates and keep money in pocket?

I would recommend obtaining a purchase/renovation loan, which would provide you with the funds to purchase the property and pay for the renovations.

I am using a FHA loan on my primary residence and don't want to refinance because we have a great interests rate. 

Hello Community team,When you do a BRRRR, I am finding out that there is a 6 months seasoning waiting period ( DSCR ) before you can cash out refinance, so we can evolve our funds to go to the next property to purcahse and redo a BRRRR.Thanks for your input and advise for a solutions.