Quote from @Tim Johnson: inspections are usually part of the buyer's due diligence (and expense) Thankyou boss appreciate it 

@Cris Johnson You would still need the 20% for the hard money loan.

@Davon Johnson - you can pull off cash out refinances in any market.

After the 2 year "has to stay primary residence clause" (which is met this coming Feb) this property would be my first rental in the area, and utilizing the cash out refi, would give me the money to move into my next property without any extra out of pocket money.I'll be sure to come back and update this for any newcomers that want to hear from beginners or are still in the "learning before you leap" mindset.I'll list the purchase info and criteria as well as the rental potential in the area and the cash out refi results below.Initial Purchase:3 bed / 1 bath / 1000sqft / 0.46acre / built in 1980 - Appraised at $140,000 in Johnson City, TN - Feb. 2020Credit Score at the time: 648 (This was a focus of mine as I had been repairing previously damaging years in my early 20's)Purchase Price: $132,000 using an FHA 30-year loan at 4.625% / Closing costs from me $4,666.63 / After all fees and closing starting mortgage amount was $129,609.00 / Monthly Principle, Interest, Escrow (Insurance, Property Tax, Mortgage Insurance) payment: $869.12Rental Potential:Johnson City TN is home to East Tennessee State University and close to Bristol TN for all you NASCAR and drag racing fans.

@Jimmy Johnson There's an ideology in the STR investor world that high occupancy does not equal highest return. 

Worth side and south of there in Johnson County.

Thanks @Tim Johnson!

@Tim Johnson Yes there aren’t many options here for duplexes right now.

Yes, InvestorMachine https://www.theinvestormachine... tell them you were referred by Jeff Johnson.

@Brett Johnson thanks Brett