I'm sorry to hear that you lost your grandfather @Rachel JaneWith the condo, renting it out could bring in decent cash flow, but keep in mind the $800/month condo fees.

Assuming your cash flow is there, you could probably support refinancing the portfolio between 60% to 70%.

I mainly bought it for the land, do not intend to rent it out for cash flow or what not.It is currently occupied by the previous owner.

:)  Is it still cash flowing after the refinance?  

I was looking there myself and curious what areas you would choose for a mix of cash flow and appreciation? 

Contrary to most business lending, the REI industry has a lot of "non-bank" lenders that provide attractive loans that can lower your cost of capital and improve your profit/cash flow. 

For rentals, focus on cash flow and metrics like cap rate (target 8%-10%) or cash-on-cash return.

I'd estimate your cash flow after you pay the loan payment would be $600-$800, which a lender that understands investment real estate should give you some credit for on your DTI.As for a bank, I have a specific lender at NBI that I would recommend.

Low down payment AND it cash flows also AND buyer has title.Maybe I am asking too much, but I don't think so.Perhaps you just market to homeowners.

I was able to rent the property by room and it cash flows about $200/month so far.