However, I would do the calculations of the new payments if you did a cash out and see if you make up the difference by purchasing another property.For example if your payments go up by $100 a month because of the cash out but you are able to use that money and buy a property giving you $200 a month in cash flow, then the cash out was worth it.

Here is a breakdown: Queen bed frame: $400 - $700 High-quality mattress: $500 - $9,000 Pillows (2-4 per bed): $40 - $120 Linens (sheets, duvet, comforter): $150 - $300 Blanket: $50 - $75 1 Bedside tables: $40 - $150 1 Lamps/lighting: $40 - $75 Art decor (2 pieces): $100 - $275 Bathroom towel racks, dispensers and soap racks: $100 - $200 Makeup mirror: $20 - $80 Hair dryer: $20 - $60 5x7 rug: $75 - $250 Small vase with plant: $20 - $50 3-ft decorative tree: $50 - $150 Two window curtains (with rods): $80 - $150 55-inch TV: $375 - $500Total cost per bedroom will range from $2,320 - $3,545 

Make up some of the lower rent difference with a $25-50/mo. pet rent or parking or something like that.

It will be hard to make up a $400-$500 difference if you do slight increases.

Reality is sometimes so crazy that you can’t even make up stuff like this and have it sound more preposterous.

If you don't have much, I would research wholesaling and/or getting a partner to make up the gap if you want to flip or rent out properties. 

August 2024 was one of those.https://www.ottenjohnson.com/news/2024-legislative-updates-new-landlord-tenant-laws-in-colorado/# Complete BS, but at least you know the law in your state now regarding this situation.  

Another way to get this is to make up the list of materials, estimate the time of labor.

If you decide to stay with them, maybe incorporate the "management fee" offered to make up the difference.

For instance, South Carolina recently passed some new legislation that makes it important to be transparent about your role as a wholesaler to avoid issues.Networking is crucial.