Note your P&i is higher because the initial loan was higher than $310k balance.   6.125% is $1884.you should use your current P&i instead of the $2115.$2115 - $1884 =$231.00 (the actual number will be higher)I am assuming you plan on selling in 30 months (not keeping it as a rental).  231 * 30 months is $6930.  

I’m 6 months in to collecting 7% on a 75% LTV note with a five year balloon…The only way someone could convince me to sell the note would be to offer 6% or more over the current balance.

She provided recent pay stubs, and balances for steady direct deposits.

:) .Are there any strategies new investors commonly use to balance personal home upgrades with starting a rental portfolio?

As @Drea Na stated, cash out is difficult.

For those actively flipping properties, how do you balance speed and quality when securing funding?

TIC's if there are a lot of investors can be a nightmare as down the road everyone has a voting share and trying to get them to agree on sale,refi, injecting more money, etc. can be difficult.

@Jeanette LandWhen you refinance during the BRRRR process, your cash flow often dips because your new loan balance (and payment) increases after pulling out equity.

. - using Excel makes it too easy to forget things & there's not a check & balance to ensure you did capture everything at YE. 

-Seller did a  successful loan modification where as of Aug 2025 they will reinstate his loan at $74,783.53-Current balance is: $308,992.35Total debt is: $383,775.88First new payment is due 11/1/2025 which he will not be paying. monthly payment went from $2568 to $3737.