Do you have enough equity to do a cash out refi and use that cash to put a down payment on another property?

You have to make payments on the borrowed funds, which is then deducted from the money you are making on the investment.

No monthly payment.

I would highly recommend doing a renovation loan like the 203k or homestyle - you are able to leverage SO MUCH CASH for such a low down payment. 

At this point, instead of continuing to pay the interest loan payments on properties that we will never be able to financially finish since the rehab loans will not cover the actual cost of the rehab, I wanted to know the ramifications of returning the properties to the loan servicer, deed in lieu.

For example, my average terms are 90%-100% LTV and 10% interest flat no points or pre-payment penalty.

What does my purchase price and down payment need to look like for the bank to provide financing? 

When do you make owner payments?

Key Deal Points:Loan Amount: $88,000Lien Position: 1st position Purchase Price: $120,000Appraised Value: $250,000Interest Rate/Return: 11% annual returnTerm: 5-year balloon (meaning the entire principal and interest must be paid at the end of the term)LTV ratio: 35.2%---Licensed Lending company for contractsRMLO package completed on buyersServicing company for payment

My business partner provided the upfront cash for the down payment, and we used hard money to cover the remainder and the rehab costs.