What are vacancy rates in your market and does the current tenant plan to re-up for another year?

I'm very conservative and want conservative leverage percentages, long-term fixed rate loans, high skin in the game and sponsor that has experienced at least one full real estate cycle and lost little to no investor money.

What is also very common is to charge a more aggressive security deposit or do a regular security deposit plus a monthly Security deposit alternative on top of rent to ensure you are properly Collateralized.

LPG is top notch.I'd say they are better than us.You probably could have bought cheaper mate.Just my opinion.Speak to LPG on the rent but again, they are top notch and know what they are doing.We like keeping 2 bedders around $800pm max for less turnover.$995 is great rent but you also don't want to evict if tenants can't pay because turnover costs can kill the ROI.Just my opinion 

Unfortunately this one would be negative $2k+ a month at 20% down, and that would be before any renovations to get top of market rents.

On top of that, you'll have your own dedicated unit which will offer more privacy compared to sharing a single-family home with tenants.

I thought about doing cash out refi, but my current rate is 3.5%. 

They bought several years ago though at lower price points, so I'm not sure how well those properties would pencil out with current pricing and interest rates. 

. - Consolidating at a lower rate.

or pay down new 8.55 rate rental property with 5 year prepayment penalty