Depending on the risk of the deal, they should have 8-18 months or principal and interest in reserves as well as a renovation reserve of at least 10% above the anticipated project cost. 

And, I will profit less at the sale of this property because I will have not paid down the principal.

And, I will profit less at the sale of this property because I will have not paid down the principal.

Is it just the principal and interest paid during the year?

Does the GP pay you back the original principal and you are no longer invested in that property?

Your out of pocket might be comparable and your principal balance would be lower.

I have refinanced the first house once to a 2.25% Apr and I am not sure if a second refi would be a smart decision considering it would increase my interest rate and Principal.

So my thinking was: pull the principal out and catch the next few deals. 

For example, will you have enough left at the end of the month after incurring the cost of this new PITI (Principal, Interest, Taxes, & Insurance) payment along with all of the management fees and expenses that go into managing a STR?

They want 97k for the duplex, and with interest rates high even with 20% down principal and interest is right at $560.