You will make more money on appreciation when you sell your property than you likely will from the monthly cash flow.  

Purchase price: $540,000 Cash invested: $108,000 Sale price: $540,000 My client bought a condo in Lincoln park.

Many judges would feel you got paid even if no cash was sent to you.I could see this potentially working on a higher-end property that it in excellent condition with a Grade A tenant.  

Thanks in advance . . .

Just wanted to mention that the cash out refinance funds are not tax free forever.

If you do decide to start flipping homes- as a new investor you can either self finance with all cash, or you can contact a commercial lender like myself and expect terms to be 75-80% of the purchase price with 100% of the rehab financed through a draw.

Best of luck—sounds like a cash-flowing gem!

Hey guys, I own a 4 unit that I plan on doing a cash out refi on.

Those that own it can be harder to sell as the cash flow from the business will cover the debt service for the business, but not for the real estate.Example: I had a very high-end assisted living facility on the market. 

Cap Rate, Cash On Cash Return, then IRR.