Success is an individual thing measured by individual metrics.The wealth-building procedure you describe is the one outlined in The Automatic Millionaire by David Bach.

They outlined the process.

Once you approve them as a tenant, contingent on SEC 8 rent approval, the tenant will give you a package of paperwork to complete that outlines enough info about your unit that will allow the case worker to determine 1) if you are asking a "reasonable" rent and 2) if the rent plus utilities is "affordable" for the tenant based on the tenant's current income.

We denied request and outlined reasons why - listing dates of communication and current dangerous state of apartment.

If you google Landlords Inc you can find their site, we can't post links and from there you can read the ordinance and their FAQs that outline what they think it will look like.

Using your assumptions, you've correctly outlined the mechanics of a cash-out refinance. 

@Jacob Robles If you can, I would buy now. waiting until next year is costing you thousands.In this blog I outline the costs of waiting.

Transfer taxes are based on the sale price, so those would be the same either way.Lender fees on conventional loans (typically around $1000) can typically be priced in to the rate, so that wouldn't necessarily add additional fees out of pocket.I would recommend getting an outline of closing costs for the blanket loan to see what's involved - not just lender fees but all costs associated with the transaction. 

So there is still a possibility for you to acquire this property just not the way you outlined. 

using a percentage isn't a good way to compare as this will vary based on loan size /  purchase price and location ...its  best to outline the loan amount  and the  specific  costs so anyone on the board  familiar with Utah can  help