Normally, the whole point of the refi is to reduce your payments it should your dti get within range. 

What price range, reno budget, expected rent, and ARV?

If you want a three or four unit you probably will want to look in the city or suburbs that were built in the 1900-1960 range.

Hello All,I am curious for some perspective from both the GP side (How you are looking at future deals) as well as, the LP side in what you are also looking for from a criteria standpoint in a future upcoming deal both the short and Mid-term over the next 3-6 months range in relations to specific underwriting criteria, and return criteria and how it has changed post COVID.For example some deal criteria that may be different for me due to COVID from an underwriting and return standpoint:Property Class: Looking more at class B now vs Class A or CProperty Expense Ratio: Probably looking more in the 40-45% as opposed to 50-55%.Cash Flow: Want to see underwriting that is cash flow focused as opposed to more upside. 

I've looked at the rental estimators and they range from $1,392 (Home Union), $1,613-$1,961 (Redfin), $1,652 - $2,136 (Zillow) so it looks like it is about time for another increase.Are we limited to 10% max increase in California?

The guys flipping the million dollar house may find that their million dollar buyers are now looking in the $750k range.

I was looking at several properties in the range of 800k-1million and I just don’t see a great return on these compared to my existing rentals.

Real estate is somehwhat counter intuitive, as it has an inverse price-risk ratio: many of your long term risks go down, as you increase the price range - there will be a personal sweet spot that is right for you. 

But an actually negotiated down to the 115k-125k range. rents will be conservatively $650-$675/unit per month.

Thanks.Same to you @Michael S.But for my money if I am spending in the 200k range, I am getting 1%, I don't care where I am or I am not sure the cash flow and long-term investment works.