With historically high prices and last year's rate increases, you're left wondering ... what comes next?

The risk of negative cash flow here comes from the high leverage though, not from the market.

My area has a strong economy, high rental rates, and a very large military and civil service presence.

Where these numbers are found, there is a very high rate of rent actually being paid.A little more about the area:We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints.

3) If I can find a private money lender to do a 2nd mortgage, they will need a high interest rate.

For high bonus depreciation, consider exploring new construction projects, which can offer up to 100% first-year bonus depreciation.

Our values here are high, and generally continue to go higher. 

The closing costs and fees seem very high.

As the barriers to entry for obtaining a short term rental permit on the Oregon Coast or high potential areas of California increase, that should bode well for operators of short term rentals in some of those areas.

Velocity of money, or speed in which you can complete a BRRRR investment and repeat, is key to success, and refinancing with the shortest seasoning requirements is highly important.Loan terms and interest: Cash flow is also an important consideration for a refinanced rental property, so attaining a low interest rate, as well as other aspects of loan structure (term, amortization, or interest only, etc.), plays a big role.Generally, there are three main refinance options for BRRRR method investors: Conventional loansBank/credit union loansDSCR loansConventional loans are generally defined as loans originated under GSE (Fannie Mae/Freddie Mac) rules and guidelines and securitized.