Margin are clearly tight but I am using this more as a case-study and to learn the process.  

I own other multi family and SFH in the area so there will be no surprises with the lower income tenants, I am used to it.6 units at $485 per unit. $34920 yearly gross revenuetaxes= $5500 per yearInsurance = $2500Lawn snow= $1200the building has 12 year old boiler with a baseboard hot water heating system.

The version I am using is watered down from the paid version but it does all I need it to do.  

However in the background I am using the loan I obtained from my bank, plus equity I have in the home, to finance the buyer's purchase.  

I have enough liquid money for 20% (but am using it for other purposes), so couldn't I wait until the first loan is approved and very shortly after take a second home equity loan?

. $105,000 all in + 25% down = mortgage of $84,000 and Cash Flow of $186The way this would work then since I am using private money and wanting to cash out refiARV 140,000 refi LTV 60 bring $21,000 to table plus closing coststhis is buying at 75% of ARV much more reasonable but I am not longer buying with no money down, Im putting 25% down when I refinance.

I've been here for a little over a month and am using this as a way to save up for another downpayment. 

Currently, I am using a couple of products that I cobbled together to make my process easier (or at least it is to me!).

I know what to do, but my business is moving slow right now because I am using the method of buying distressed properties for cash, renovating and doing cash out re-fi which, as discussed in many post lately, requires that I wait 6 months for the refi.

I am using my own cash to fund it and repair it.