Here's the effect on your new mortgage payment.Refi Loan = $262,500 (4.5% APR / 30 years)P & I = $1,330Cash Flow = $1,250 - $1,330 = - $80 per month Again don't forget the HELOC payments as part of your Holding costs.When I do my BRRRR calculations I am more conservative and use 70% of ARV (versus 75% that Andrew uses) for my all in costs (Purchase price, Rehab costs, Holding and Closing costs).  

I am being conservative but with my 70k down my cashflow for 4 units will be 1k-1200. 

What do you think you could conservatively sell it for?

I'm being conservative by assuming minimal depreciation (1-2%) in a neighborhood that is desirable today in a great school district that is walkable to shopping center with a supermarket, restaurants.Current income dictates that an appropriate out of pocket cost for next house should less than $3K per month.Possible solutions:Take out second mortgage/HELOC to get the $100K I need to buy the next house?

If you could show conservative numbers yielding >10%, you would definitely have something there.Just my thoughts on what I have seen in this market.

Sounds like you went very conservative (unless the bank couldn't do 75-80%).

This property would conservatively cash flow over $700 as well (with full equity).

For sale By owner.ARV=210K Comps 1) 189k within 6 months 2x(2/1) 2)203k within 1 year 2x(2/1) 3)239 within 6 months 2x(2/2)Rental income would be about 2600 a month but being conservative I assumed 2400.Expenses 2016 taxes =4583Insurance = 150 a month so 1800 a year for closing.Cap ex= 2400 for one month overturn Repair costs = 15K for new ac and roof.

$80k purchase$65k rehab$210 conservative ARVFirst flip750+ Fico$25k in reservesAny private lenders out there that want to know more, please message me. 

Maybe it's a good thing they are conservative : )