Refinancing will be tough unless the property can appraise for $75k or more, which is the sweet spot for a few lenders. 

I have my sweet spot and stick to those types of properties 3\1 and 3/2 in the Midwest and south.Best of Luck.

That’s a solid move — taking a property most would overlook and turning it into both a profitable and purpose-driven asset.We’ve been doing something similar through our Home Asset Conversion model, helping property owners reposition underperforming real estate into veteran and senior shared housing — with long-term leases, stable cash flow, and huge community impact.Sober living, senior living, and veteran housing all share that sweet spot: high demand, low supply, and mission-based investing that still hits strong numbers.Curious — did you self-fund the rehab or structure it with a partner/investor model?

I chose 5 units as a kind of sweet spot for this model - once I’m analyzing anything larger, I typically switch to a more robust model I’ve been developing over the past few months.This one is really geared toward analyzing the income and income potential of each unit over time, and it’s flexible - you can scale the unit count up or down, 5 is just the max I have it set up for right now.

Looks pretty sweet to me!

This is the golden question.The "Sweet Spot": For scaling responsibly, I advise clients to target a 75% LTV ratio after the cash-out refinance.

This to me is the sweet spot for many STR situations.

I think the sweet spot could be around $349K.

Without knowing any details at all my first guess is that it isn't cheap enough for hardcore investors and yet too ugly for the average home buyer which has always been my sweet spot as a small investor.  

Sweet equity is great but that is more your sweat not his.