Although I also think it's worth examining your mindset: instead of an action giving you a result you weren't hoping for being classed a "waste of time", just think of it as an intelligent way to make sure your operating at optimal efficiency.

Hi BP community,I recently closed on my first investment property and am deciding on the optimal exit strategy; cash out refi/rental or to flip it. 

I did search it on the menu bar and found another gentlemen who successfully had done this up to 70k. 

If you wait then you will likely be stuck going for a non-optimal property or paying the taxes.I get people sometimes on exchanges with 8 to 10 days left to lock in and it definitely can get interesting to find them something.

I would love to tell you to be warm hearted and give them a desperately needed break but,your rental doesn't sound optimal for her poor health to deal with safely.They need a one level ground floor unit to keep her safe and you away from a potential lawsuit.The first time she tumbles down the stairs and gets hauled away in an ambulance you are going to hear from their attorney crying "Well you should never have rented to them you greedy slumlord!!"

Again in the above case the optimal down payment to maximize the cash flow was $0.We adjust this percentage up or down based on the effect it has on increasing or decreasing the Cash flow output to a level equal to self Financed cash flow or greater.

The Survey, taken by California's commercial real estate industry leaders in December 2015, indicates continued optimism with only a smattering of caution with respect to the continuation of the current run.

There are more than a few ways to skin a cat, but to some extent the market will tell you what the optimal strategy is, if you just know how to listen.

Welcome,I've been involved in the construction/trade aspects of RE for the past decade.Let me know if you experience issues getting the right guy for the job and I'll see what I can do.My RE experience and knowledge are limited, but my optimism isn't.Best of luck!

@Larry Edwards  In order to mention someone by name, and alert them, you type the @ sign, then immediately start typing their name until a drop down menu with their name appears.