From what I’m seeing across BRRRR deals in the Triad (Greensboro / Winston-Salem / High Point), most experienced investors target a refinance LTV in the 70–75% range.Here’s why that band tends to work in practice:• 70% LTV — Most conservative and most resilient.This usually allows investors to:– Recapture the bulk of their rehab + acquisition capital– Maintain strong DSCR even if rates shift– Absorb a soft appraisal without sinking the dealMost lenders also price better in this range, which helps long-term cashflow.• 75% LTV — The “industry standard” for BRRRR refinances.This tends to be the sweet spot where:– You recover enough capital to recycle into the next project– Debt service stays manageable– Cashflow remains positive even with today’s higher rate environmentA lot of Triad investors settle here because the rents usually support it.• 80% LTV — Only works when the rehab is tight and the ARV is rock solid.You can pull more cash out, but:– DSCR compresses fast– Cashflow can get thin– Appraisal risk becomes much higherMost investors only go this high on lighter rehabs or when the numbers are extremely predictable.In short:70% = safest,75% = most common,80% = possible but narrow.Always interested to see what other markets are trending, but these are the ranges that consistently work for BRRRR investors here.

Their project manager, Laron, practically begged for cash nonstop, claiming the project would move once they “got more funds.”

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

But the tenants are misuing the law to not pay rent until we do not have it.

Quote from @Erik Breunig: I don't think he's lying, and I recognize that Geraci is a law firm that prepares these documents, but it was also plausible to me that many DSCR lenders might use forms that were prepared by or variations of documents with similar provisions.There were a number of items that I identified as being problematic.

Quote from @Frank Borzen: Quote from @Jules Aton: Wow“Improved compliance capabilities to help local governments enforce their short-term rental laws.

Over a $360,000 dollar increase from what I had underwritten.Seeing this as an industry-wide issue, I reached out to an attorney who focuses his practice on representing landlords in restaurant lease negotiations.

Real Estate Law you can gain this knowledge through textbooks, or college or licensing courses, 

Kowal is a Certified Public Accountant with an MS in Taxation, maintaining a nationwide practice focused on IRS Practice and Procedure and federal taxation of real estate.

Unfortunately with the wacky laws and regulations the city makes it very tough for success long term.