Today I am happy for every single property that I bought.Asset prices are going to continue to go up and probably faster than in the past, because we are entering a phase with generally higher inflation, meaning we are devaluing the dollar faster then we have in the past. 2% are not going to be achievable anymore.

Starting out I decided to do my own PM mainly to save money and make the numbers work better.  

We do the math 2 ways...what if they pay us and what if they don't and typically go with the lower number.

I'm looking at two different lending options.Regardless of which option I choose, my plan is to refinance by Year 5 of owning the property to: a) get rid of PMI if appreciation is good and LTV < 80%, and b) cash-out equity to purchase a second house hacking property.Assumptions: All in cost: $506,500 (purchase price + rehab costs + closing costs)FHA 203k already accounts for ARV, no natural appreciation, value is flat with LTV at Year 5 between 88-90% 30 year Fixed Rate Mortgage 6.5% APR and 3.5% down, P&I of $3,0915/1 Adjustable Rate Mortgage 6.0% APR and 3.5% down, P&I of $2,932That's an additional ~$150 in monthly cash flow during the first 60 months of owning the property prior to refinancing if I go with the ARM route. 

My goal is to get a high likelihood of approval at 1 one year or longer of financing to allow me to refinance after cleaning up credit and completing some bookeeping/tax corrections to better qualify.Property would be purchased through LLC based on a 1031 exchange where I completed the sale and now need the replacement property. 

However, I’m concerned I won’t be able to complete the project within this second extension, and I’m not sure if another extension will be possible.Is anyone familiar with refinancing options in this type of situation?

Many can go much lower.

If Truvi is going to go after the guest for reimbursement, is this even insurance, or would it effectively be outsourcing guest damage reimbursement activities to Truvi? 

Hi @Alex MaciasWelcome to DFW and Real Estate!!!

I am excited for BPCON2025 and I wanted to reach out to everyone going to see what you are most exited about and what you want to get out of the conference this year.I will start.