My question is: After I build the units, can I do a cash-out refi and use the equity to purchase another home? 

We've never used percentage-based criteria, like the 70% Rule, for purchases.

Purchase price: $330,000 Cash invested: $40,000 Hey everyone, I wanted to share a personal story about a property I purchased and renovated in Hudson County, NJ.

Additionally, we have a decent amount invested in retirement accounts, which we plan to continue building over time.As part of the move, we’ll be purchasing a larger home.

However, due to keep purchasing real estate, my DTI is high and close to 50%.

I have programs that require only 10% down for the purchase, and will finance 100% of the rehab.

I purchased at 300k with 5% down & put roughly 90k into the property over a 2 year period.

@Jerry Velezif a property is owned outright with no mortgages, debts or liens on it, then it can (potentially) be purchased on seller financing. 

You don't need to actually rent to purchase a renters policy.

Quote from @Andrea Lucarelli: I’m interested in beginning my REI career with purchasing a SFH or condo in Cleveland area (safe neighborhood) to list as a furnished rental for travel medical professionals, supply corporate housing needs, or house temporarily displaced families for insurance companies.