It just will depend on if it will still cash flow.Here's a good blog post from earlier this week on the "variables" to consider. http://www.biggerpockets.com/renewsblog/2013/10/05/real-estate-investor/It is also going to depend on possible exit strategies at your disposal.

If I have to put any significant money in to refi (more than a few k) I will probably just hold it and have a bunch of exit strategies in place for year five.

We are located half a mile from Turnpike exit 8A, so let me know if you are interested in exploring this option.

No lender is required to negotiate a settlement, so you might be stuck if that's your only exit.

@Joshua Gordon Make sure you have a couple exit strategies.

My question is what are some of my exit strategies if they back out from this deal halfway through?

We did not fear initial rise in interest rates so having a 1 year refinance or exit strategy was fine with us.

Recently I have been considering my exit strategy from working since I am no longer a spring chicken and would not like to be working in my older years.

Recently I have been considering my exit strategy from working since I am no longer a spring chicken and would not like to be working in my older years.

Great point with trying to move the apartment buildings when the cost of money is high - something that must be taken into consideration when thinking about an exit strategy with buildings that don't cash flow strongly.