In order to refinance a home you must have six months title seasoning to use a "New appraisal" but keep in mind only certain lenders and programs allow a cash out refinance at the 6th month mark.

Keep us in mind if you're looking to leverage your success. 

I have one in mind at Rent to Retirement. 

Hello BP Community,I’m new to the platform and eager to connect with like-minded individuals who share a passion for real estate investing.

I even considered owner financing it to somebody more ambitious or at least has more time than me.During pondering what to do with the property it crossed my mind, it could make a good mail drop store.

Just keep in mind that there are further steps you'll want to keep to minimize the possibility that your entity is ignored for this kind of personal liability (say, if you were the person who didn't properly clear snow, or if your finances and the LLC's are comingled).And I agree with @Chris Seveney, insurance may provide adequate protection based on what's available to you.

So, here’s my question.. do you think you’d be more comfortable taking the DIY approach with strict guidelines, or might a property manager give you the peace of mind you need?

Whether it’s finding deals, running numbers, or just exchanging ideas, I’m always down to talk shop with like-minded investors.

Keep in mind the potential for higher renovation costs due to older properties and the local landlord-tenant laws.Good luck! 

Hi @Meghan CarsonI don't have a specific number in  mind... yet.