Long term rental numbers are hard to get cash flow with added in reserves for maintenance, cap ex, and vacancy.

Most lenders won't require an application fee and should be able to clearly lay out their financing costs, cash to close, and projected profitability for you.I hope this helps.

So it's a waiting game for that property until you have enough to do a cash out refi.

Another idea that we have been exploring is using the cash value of whole life insurance funds for emergencies. 

Purchase price: $171,000 Cash invested: $29,000 Small 600 square foot cabin tucked away just outside of the quaint city of Ellijay GA.

It's amazing how cheap it can get when you're paying physical cash and having your contractor pick it up at the warehouse.

Not possible, 85% max LTV on a purchase or straight refi, 75% max LTV on a cash out refi.

Property values continue to grow in value, and you can actually live off the rental income.I think it's best to hav all properties paid off by retirement age, since that's when you are going to rely on cash flow for your living expenses.

I was looking to put 80k cash into then refi afterwards and possibly getting 130k. 130k on mortgage would be close to $800 only leaving $200 in cash flow each month. 

I am a local agent here in Sacramento & I am a house hacker myself with 2 properties here that now cash flow.