Again, having $700k in equity.  

To put things in perspective, if you control $10MM worth of real estate in the Bay, your average annual appreciation is $500k in equity gain.

But with more parking and a larger devolopment of downtown Bremerton will be the only real way i see any improvement in equity building.

Property is a great investment and has about 10k in equity from the asking price and Is in move in ready condition.

In summary, you put 65k in, and got 75k back, and still have 25k in equity.2 - If you bought a property all cash for 50k, that was worth 67k, you could refi (in 6 months) for 75% of the 67k, which would be 50k...and you would get your cash back.3 - If you bought a property all cash for 50k, that was worth 50k, then you could refi (in 6 months) and get a loan for 75% of 50k...or about 37k.All of this is before any closing costs and other fees are taken out.

dunno what your market dictates or the neighborhood the property is in.Now for the financing...130k Purchase Price20% Down = $26000Rate 5%Term 30 yr fixedPMT = $558NOI(Monthly) - Debt Service = $142 Cashflow ($1704 Annually)CoC = $1704 / $26000 = 6.5%If you would invest $26,000 to buy 56k in equity and  increase your income by $142/month and also grow your net worth a few thousand a year thereafter...  

With two rate hikes and a drop in equity he/she should be getting worried. 

Almost all departments at Ocwen have been outsourced with the exception to their FNMA dept and team who handles GMAC accounts.Ocwen is now working all of their accounts in Equator which can make things a little easier as you no longer work directly with an employee from India who is not very sure of their actions as they are most likely new and lack training.Are you already in active review with Ocwen?

If I have 50k in equity in an LLC is it really worth 40k in legal fees to try and crack into my LLC and prove my tip to Hawaii to a real estate conference was not a bonafide business expense?

You mentioned that you had 40 G in equity in your property so that there is enough to get started with on a 20% down on a property.