Paying upfront or via a loan doesn’t change the capitalized amount, so a payment plan may help cash flow while still giving you interest deductions.

I’d rather not give up my current first mortgage rate to get cash out to renovate.  

Keep in mind, the interest rate for the cash out refi was ALMOST irrelevant.

At that point, through searching on this group as well as reaching out to my network for leads, I found a great EA who has a robust practice and came highly recommended.

Also "split text to columns"  option is grayed out in all cases or if it's not the system will crash.

Plus with it being a HML/bridge loan, you could refinance again once its fixed based on the After Repair Value and try to make the most of it.

My goal is to find a solid cash flowing property in a stable area to buy and hold, but I’m still learning how to evaluate the Bakersfield market specifically.Thanks in advance for any advice or tips you can share!

Scaling your portfolio is a relatively simple matter of accessing the cash or terms to buy more.

A spaghetti system of CSVs, half-duplicated records, missed leads… and hours of manual work that frustruted the hell out of our team.But here’s the move that changed everything:We shifted from chasing lists to building a live monitoring system across high-signal data sources—stuff like tax delinquents, probates, and code violations.Instead of waiting for overpriced third-party lists, we started pulling direct from the county—every week, automatically.No more guessing.

With the amount of capital you have you could make a significant investment in SFR using some leverage you could purchase a life changing portfolio and also spread out your depreciation over multiple properties so that if you ever want to pull some of your capital out, you will be able to do that from one of the properties without having to sell an entire MF property.Happy to chat if you have any questions on this strategy!