Fingers crossed it makes it through the Senate!

Cross-collateralization (or a blanket loan):If the equity in your BRRRR is strong post-refi, some portfolio lenders may allow you to use that equity as security toward the down payment on the new property—without needing to actually pull cash out.2.

Doing a cross collateral loan will be expensive and you will need to find a lender that is OK with doing both states.

Keep in mind that if you cross major roadways within that 1-mile radius, those comps may not be valid, as the neighborhood could be completely different. 

Not to say that this is how it'll go down, but there are certain boundaries that the tenant definitely crossed that can be a breach of contract as they did not have the legal authority to hire out the repair when it is your home...And just because they may be inpatient, & that it happened potentially on a holiday weekend doesn't mean they have people do major repairs behind your back & expecting you to pay for everything.

Also, Connecticut has its own fair housing rules, so if you're promoting this as a public program or doing it across multiple properties, it might be a good idea to run it by a local attorney or fair housing specialist just to make sure you're not crossing any lines.Yes, it’s legal if it’s framed as a voluntary incentive and not used in a way that could be seen as discriminatory.

@Daniel LangRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

If you don't have a lien, and the appraisal comes in lower, then you are capped at 75% rather than 80% on a R&T which might leave your PML a little shortOtherwise, it might just be "cross your fingers and hope for higher appraisal" category.

Step 1: Pull the Core Property Info (5 mins)I grab the listing from the MLS, Zillow or Redfin and jot down:Asking priceEstimated market rent (cross-check Rentometer + Craigslist/Zillow comps)Taxes, insurance, HOA (if any)Square footage and condition (rough rehab estimate)Year built, bed/baths, lot size💡 Pro tip: Bookmark a few rent comp tools and create a deal template in Excel or Google Sheets to speed this up.Step 2: Estimate Income & Expenses (10 mins)Income:Monthly Rent: Estimate conservatively.Other income: Laundry, pet rent, storage?

Curious to hear how others handle this.Since we service our own loans - and since these are commercial, not residential, there are few farther barriers we need to cross.