Leaving the cash locked in a not-paid-off property means it can be difficult later to do big renovations and it obviously does impact cash flow. 

Do you lock in materials early, build relationships with consistent contractors, or budget a certain percentage buffer?

Positive is that they are passive, but the negative is that you are locked into low returns 5-7% range. 

Add a smart lock (like Schlage Encode or August) and you can manage guest access codes remotely without having to coordinate key drops.If you already paid off the ADT equipment, maybe ride it out until your contract ends — but if you’re on a month-to-month, switching will save you money and give you more control.

This isnt the same as getting a new quote because of changes in the market; I'm talking about changing the pricing after a term sheet is signed and/or the rate is locked only because they were confronted with another quote.A word of warning - in any industry, best and cheapest rarely go together.

I rarely need them to do that as I have a locked supply cabinet in the garage that I restock a couple of times a year when I am at the property.

Quote from @Ernie Rodriguez: I locked someone in at 6.35% with 2 points last week. 30YR DSCR refi, 2 year prepayment penalty Miami, FL Who did you use?

Quote from @Shameka Henson: Hey Ya'll, thank you to everyone for so many informative responses and actually reaching out in text or callsSo I'm getting my first BRRRR ready for the appraisal process and need some tips and tricks.Some tips I've heard - 1. do Not put keyed locks on rooms if you plan to rent by the rooms (put them on afterwards)2.

I just feel that we may be losing a lot of bookings when people lock up dates for several weeks only to cancel.

I have given my tenant notice to leave the premises due to over a dozen lease violations (late payment/no payment, rekeying locks, neighbor complaints, police involvement etc.)