That raises the hair on the back of my neck. 

If you're looking to get something with quite a bit of hair on it, chances are you won't be able to get an owner-occupied loan.

@Daniel Mears"Most of them can pass for the third guy back on the evolution chart" 🤣🤣🤣🤣🤣

Honestly, with the variable (and higher) rates for HELOCs combined with that rates currently are low, I think cash out refi might make sense for us, but I think we need to chart out all scenarios given our current debt + the amount we want to pull out and see how that plays out in a cash out vs. heloc scenario.

The plumber pulled out hair, feminine products, and a sock.

@Jonathan Choyce The IRS has published a rollover chart that consists of a matrix that allows you to see if the account type you want to move from is eligible for the account type you want to move to. 

.$3600 per month - property taxes - utilities - trash removal - property insurance - rehab costs - vacancy rate - cleaning and maintenance when tenants move - property management costs - accounting costs, etc and if you pay cash for everything you will still probably come out okay, but if you pay $54,000 plus $150k cash for rehab + all other costs the big question is; can you invest your $200k into a more-profitable property vs. spending very good cash on something that almost appears to be a huge dinosaur you will need to clothe, feed and he will eat you out of your own house.We need to see all the numbers and stretch them out like in the chart below.The following chart is what I am guessing your numbers will look like.

Every now and then, I find sellers who have their hair on fire and come to hate the business they've built and want OUT.Until you know the seller's motivation, it's really impossible to say whether it means anything about market conditions.

The numbers must be off the chart.  

It's literally like two crossing lines on a chart for price paid versus rent received.