Sub2 property [Calc Review] Help me analyze this deal

[Michael Mullins]

First,

Thank you for helping me out with this understanding. I would like to start out by saying I've never done a Sub2 deal, but I was talking about it with another investor at a meet up. She was telling me that I could take the property as a sub 2 deal do the rehab on it, put a renter in the property and then do a cash out refi on the property and pay off the sellers loan. Does that work like that?

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