I was able to extract some of the money from the 203k to pay for major work done by the contractor. 

Some of those moves were cash out refinances where we extracted appreciation and paid off other notes.  

The outdoor section of a heat pump extracts that heat from outside and transfers it inside.

Class C renter -- maybe depending on strength or lack of strength of other applicants at the time (due to public money vs earned income).if so 1st, last, and security + days of month left in this month (not a years money in a pile and then she has to start paying--bad training--that end of year payment might not be there).If she messes it up, 5 day notice, late fees,etc...up to filing eviction (and a turn) if needed.My guess is irresponsible focus on monthly bills, but if the $$$ is there 12 late fees add up to some extra cash flow from that unit.But definitely not the top of line renter--but sometimes you have to settle vs. losing 4 months of rent to a vacant unit waiting.But it depends on how you want to run your business--there are only 12 months (52 weeks a year to extract cash from that unit).And it depends on [IF] you can afford to take a risk with that units cash flow--or if you MUST have a stronger renter.But if stronger candidates are available, why take the risk.The year in advance is probably a convenience for her to not have to focus on bills vs. a gift for you...meaning she probably knows it's her weak spot--and that will probably bite you if you rent to her.Just my 2 cents.

Generally the lower number the better.Yes the 8 cap is correct.I would have to see your parcel to see what makes sense for highest and best use so you could extract the most money out of it.

You need to invest more of your own money, use a government program (fannie, freddie, FHA, USDA, VA, etc) to put less down on the property, gain enough experience to wisely use other peoples money, or add enough value to the property you buy to extract more capital than you initially put in (BRRRR).

Hey, I know how to extract previous property tax numbers. what I say is if tax is determined independently of a purchase price percentage or more or less the same amount as previous years or slightly above.

If I do the BRRRR correctly, I extract all or virtually all of my initial investment paying off the margin and having a property for little or no money. 

Seems like this landlord paid a heavy price for a situation that they were not a party toEnlightening anyone who 1.) is a landlord and 2.) a premium member on a website about extractive wealth accumulation is too tall of an order.

Find a steep value-add deal and address it through a very experienced team with a track record for extracting value from under managed and under valued properties.