I’m in an area with very few natural disasters and my 8 unit runs about $5,000 annually.

At the time of the refinance you can pull cash out, lower the rate (by using equity to buy it down or by natural market drop) and lower the term from 50 to 40, 30, 20, 15 which ever make the most sense or fits your personal goals.The same saying we use "Marry the House, Date the Rate" same thing could be said but "Marry the home, Date the Term".

Though unsolved, it was noted as suspicious due to Minkow's admitted history of staging burglaries to collect insurance money.[40][44][45][46]The nature of the "nonpublic information" became clear a week later, when federal prosecutors in Miami filed a criminal information charging Minkow with one count of conspiracy to commit securities fraud.

During that time, I have completely renovated the property and have added ~$100,000 in forced appreciation, while the property has naturally appreciated ~$75,000 (based on recent, nearby sales). 

From there, you'll be able to naturally transition into other investment models and expand your business.

We have an existing LLC, but it's for a business of a completely different nature and purpose.

Naturally that will make a difference as well. 

Welcome to BiggerPockets, Tyler — your background in engineering and hands-on property work makes the BRRRR strategy a natural fit for you.

I will say this group is national (even some international) in nature and is not the best for resource for finding local data especially in niche markets. 

So there are many more participants at the novice level who may not understand the risk/reward nature of this type of investment.