Refinancing for less than 1/2 point discount is probably non-factor even when adding 3 years back on to the loan.

The reward far outweighs the risk - added income, filling vacancies sooner, and better-quality tenants.

Quote from @Mark Soreco: I don't have any data on this company, but I will give you some insight on a story I heard from a guy who built a PM company across the nation to 5,000 units then sold it to a tech company that thought they were going to do a ton of great stuff on adding in tech and everything else.

If it still cash flows under conservative rent assumptions, you’ve paid yourself back without adding complexity.

Tax returns are stale, and manually adding up 6 months of bank statements takes forever.

Maybe a few extra percent of projected return or a preferred return position (such as he is first to recoup his investment).If Phil is unwilling to invest, I question how good an investment this opportunity is.  

Point is if I have an extra 50-75 k laying around I’ll probably use it to buy another unit with a portfolio loan.

Furnished homes tend to see more wear and tear and it becomes one more thing to manage and replace.In my experience, the extra rent rarely justifies the hassle.

The difference is I now have a path I’m comfortable with either way, and that peace of mind has been worth more than squeezing out a few extra doors.Ryan I totally agree with your philosophy and have never had more than 11.

They've added new features over time (security deposit return) and they usually feel quite intuitive.