Planning to put 25% down to rehab while living in it (primary market, cool neighborhood)
What are some possible scenarios?
If I can sell it after renovations at peak IRR, I will.
If the market drops, I could be stuck with it for ten years, but if it's leased and renovated, maybe my NOI is higher and After Tax CFs positive.
If I receive a 100K inheritance during the hold, should it go toward the mortgage? For both scenarios?
When might someone typically refinance?