We painted the inside, opened the kitchen/dining room, replaced windows, removed a nasty fabric lined black tub from the basement, replaced the siding and redid the bathroom.

Quote from @Anne Christensen: Hello,I am most likely going to be investing out of state but I have selected which state just yet. 

Hi everyone,This is my first time posting and I had a question regarding DSCR cash out refinancing:Are the DSCR loan amounts calculated strictly on the debt service ratio or does an appraisal come in to play? 

A cash-out refinance can provide liquidity while keeping the property, though it carries risks.

If there is an opportunity out there that you believe will provide you with better returns than what the stock market then yes buy real estate.

You can continue to reach out to the entire company looking for updates but again I will be the one to reach out as I get further direction."

I will have POA and will conduct a 80% cash out refi, which the loan proceeds will then be paid to the seller and the title would then finally be transferred to me. 

I also wouldn't be where I am today in terms of my contacts and relationships with vendors, to be in a position to self-manage confidently out of state.All that being said, if another deal with the same amount of hair on it presented itself to me today, I would pass simply because my risk profile has changed.

Go with all wood if you can on dining tables and chairs etc.

This pretty much wipes out any conventional lender.