With an ARV of 250K, you'll be able to pull out 187,500 less additional closing costs for the cash out refi.

Additionally for hosts who opt for enhanced screening, the eviction rate is under 2%. 

@Yinna Wang Make sure whoever wrote the policy knows that one unit is being rented because there may be additional requirements.

If it is a market rate class A, B or even C properties, I would say that it (basic maintenance) is something the tenant should handle considering that for these properties the tenants likely have additional resources to handle small maintenance issues. 

Thank you for this additional lead. 

Here are additional instructions for the form.How do I start a QOF and can an LLC be a QOF?

The Philadelphia market could be a decent option for you, as with your liquidity, you could potentially get into a couple of cheap rentals to start building equity and get a little bit of additional income.

I'm looking to connect with anyone who has experience with these types of loans in addition to anyone looking to build out their network as I am.I look forward to hearing from you all!

Scott's book on estimating rehab costs, it's a must read in this area: https://store.biggerpockets.com/products/the-book-on-estimat...In addition to that, I would check out my article on due diligence.

We do currently have around $50k set aside for our next downpayment as well (that’s in addition to a $25k emergency fund).