so it is kind of locking the money for unknown time ?

If we are using the loan for something of unknown or long duration, we use cash out refi.  

.This is going to be hard on the bigger operators with very large apartment complexes in Oakland--I wouldn't want to buy a Rent Roll in a Class A, B or C area consisting of unknown cut throats and tough to deal with residents.Plus I wouldn't want to have my property managers quit due to not being able to deal with hard to handle types. 

There are so many unknowns, and at 61, I don't have much room for mistakes.ThanksMarcy

This was because there were unknowns at the time that became clearer after receiving the information.Their past business model was to rent them by the week at a much higher price than what renting by the month would get them.

Not saying that I’m not open to it, it’s just an unknown area that I’d have to get comfortable with.

My son bought went to a tax sale in 2017 and "purchased" an "UNKNOWN PROPERTY" in DeKalb County Alabama.

We also know there are known unknowns; that is to say we know there are some things we do not know.

Plumbing, electrical, foundation, HVAC and roof remain unknown at this time but the optimist in me thinks most of this was likely operational pre-flood having first hand experience with others who repaired post Harvey.

Real estate rarely goes as planned, and you need to factor those unknowns as an expense.The dream is to acquire a home at 70-75% ARV.