I don't have in Cash , the money to do the Repair work to this property But I am going to get such a great deal on this property , that even after they Finance it at 80% LTV , and even after Closing Costs, Pre-Paids, the Price I'm paying for the Property in General ...........

Any payments on the balance remaining from the original loan must be included in the debt-to-income ratio calculation for the refinance transaction.Note: Funds received as gifts and used to purchase the property may not be reimbursed with proceeds of the new mortgage loan.The new loan amount can be no more than the actual documented amount of the borrower's initial investment in purchasing the property plus the financing of closing costs, prepaid fees, and points on the new mortgage loan (subject to the maximum LTV, CLTV, and HCLTV ratios for the cash-out transaction based on the current appraised value).All other cash-out refinance eligibility requirements are met.

If you cash out within 6 months of acquiring your cash out will be limited to what you have paid no sweat equity...The new loan amount can be no more than the actual documented amount of the borrower's initial investment in purchasing the property plus the financing of closing costs, prepaid fees, and points on the new mortgage loan (subject to the maximum LTV, CLTV, and HCLTV ratios for the cash-out transaction based on the current appraised value).As for the cash flow you can use the current lease minus the expenses to off set the expenses.

I have rent, a prepaid phone bill, Netflix... things to that nature.

You could go FHA, 3.5% down, but you still have closing costs as with any other loan, probably 5-6% or so including your prepaid taxes and insurance.

You can cash out right away no seasoning required, but you can't cash out more than actual documented amount , financing of closing costs, prepaid fees and points subjected to 70%ltv ratio. 

What is a QUICK rule of thumb for ...Buyer Closing Cost % of house valueSeller Closing Cost % of house valueIs it generally accurate to say that the seller pays the realtor fee 6% and the buyer pays for everything else [ appraisal, title, inspection, survey, termite, attorney, escrow, loan fees, and pre-paids?

I have an old-school alarm that has a dial function (had to buy a prepaid sim card for this) that would alert me in case a motion sensor goes off.

The sellers attorney indicated that they did not want to extend past the current closing date and I would like to close before the 1st so the pre-paid interest is less at closing).

They ended up coming from Trulia, which came from posting it on Zillow.Here are the numbers:Purchase Price:                 $129,000Down Payment:                $25,800 (20%)Prepaid/Closing Costs:    $5,215Renovations:                     $10,845Total:                                   $145,060Monthly rent:                    $1,500ARV:                                    $158,500Things I've learned on this one:I probably could have gotten the bank down a little more on purchase price.