@Andy Nguyen 🫡

Hey Hayden, first off congrats. Buying a property for $15K and fully remodeling it paid off is a great start. The first thing I would do is get a real updated appraisal or at least have a lender/broker look at the true current value, because if the property is still listed as a junker, the $32K value may not reflect the work you put into it. For a DSCR loan, the lender is mainly going to care about the appraised value, market rent, condition, and whether the property can cash flow as a rental. Since it is paid off, you may be able to do a cash-out refinance, but the amount you can pull out will depend on the new appraisal and lender guidelines. I would not move out or turn it into a rental until you know the numbers first. I would start with: 1. Find out the true ARV/current value 2. Get a realistic rent estimate 3. Talk to a DSCR lender about cash-out options 4. Make sure the payment, taxes, insurance, and repairs still leave you with positive cash flow I can point you in the right direction and help you think through the numbers. The goal would be to pull some cash out safely without putting yourself in a bad position just to grow faster.