The rates and terms on a portfolio loan were terrible compared to doing 3 separate cashout refinances.   

I am probably one of those people who wouldn't be able to tell if a good deal hit me in the face, although I hope I'm at a point where I could identify a great deal and a terrible deal.

We were in the Lower East Side not too terribly far from wall street. 

You're right, they don't make it terribly easy to find the answer to your question!

I’ve had a terrible time getting banks to lend on appraised value.

Terrible first deal.Here in California, at least the Bay Area, a seller wouldnt even consider an offer if it wasnt accompanied by a fully underwritten preapproval.

That's a terrible investment in this kind of market.BTW, I don't do SFRs anymore so won't do this even if the cash flow was $5k/month.

But on average, unless you are dealing with a warzone property or really terrible people, I think if you are honest with folks, tell them what your new plan is, and wish them well, you'll usually get things back OK.

Oh my, I feel terrible not responding on this.That one property that we talked about, just heads up I think the guy that owns it is an attorney. 

It allows people to take cash to a CVS or Ace Cash Express, pay their rent using a QR code on their phone (or we can print one for them) and boom -- payment shows up on their ledgerAccepting cash is a terrible idea.