After the refinance, we pulled out most of our capital while keeping the property cash-flowing.It’s not the easiest BRRRR to pull off, but when it works, it’s a solid way to build both equity and community impact.

Love your perspective, Joshua — real estate as a tool for impact resonates with me too. 

The moment I picked up a hammer I was hooked, and that passion still drives me every day, Everyday I strive to be a better tradesman and make a bigger impact on my community with the skills I have learned.

A few key things I’ve learned that can really impact the numbers are:- Understanding local market demand and regulations, since that affects occupancy and stability-Factoring in costs for proper management and resident support services, those keep the home running smoothly and reduce turnover-Being realistic about timelines for filling beds and the importance of vetting operators who align with your goalsThese factors can significantly influence the financial viability and stability of the investment.

Tax treatment has such a significant impact. 

But if you layer in the long-term equity build and redeployment opportunities, you can get a fuller picture of how the refi impacts your portfolio.I help investors in FL and GA evaluate their financing from a "return on leverage" standpoint - not just rate shopping.

Fees vary, but expect a few grand between permit, plan review, impact fees, and utilities.My advice — do a pre-application meeting with the city or county before you close on land.

Because the Property Class dictates the Class of the tenant pool that the property will attract.The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Class and Tenant Class will affect what type of contractors, handymen and property management companies you should target and be willing to deal with a property.The Property Class will also impact the maintenance & renovations you do to, “Maintain to the Neighborhood”.Why is that important?

I have a lot of high interest debt used to finance my projects and wondering the impact on credit score and whether it is worthy or not. 

It is so important to consider the impact on both the property you are buying and the property you are refinancing.