. $300k loan needs to show $15k liquid assets, and draws typically require you to pay contractors and obtain a lien release before you can be reimbursed for the money you paid contractor.While I know there are a lot of people who use low money down loans to get started, it is risky.  

For example it does not consider who pay the utilities, obviously if the LL pays all the utilities, the net is lower. 

Typically hard money lenders will lend a maximum of 70% of the ARV so if you are below you will have more flexibility on the initial loan and the refinance (better terms or higher cash out) and of course more profit if you sell

Quote from @Otis Clayton: Quote from @Jake Baker: @Otis ClaytonWe typically fund with a combination of Hard Money and Private Money. 

Title report, confirm utilities and zoning etc. 

3) Dealing with Contractors: guess you found it's not as easy as the "gurus" make it out to be. 4) S8 slightly above.guarateed Rents: typical naive mistake.

Keep in mind refinancing costs typically range from 2%-5% of the loan amount, so weigh the upfront costs against the long-term savings to see what works best for your goals.Good luck!

As pet lovers ourselves, we typically like to meet your pets at some point in the process, too.

@Brett Jurgens,With strong equity and a good tenant, you have a few options:Cash-Out Refinance: Offers lower, fixed rates for stable monthly payments and lets you keep the property while using equity to invest in another rental.HELOC: Provides flexible access to cash, though with typically higher, variable rates that can fluctuate over time.1031 Exchange: If you're open to selling, a 1031 exchange could defer taxes and allow you to trade up to a higher-value property or diversify into a different market.Each option has pros, so it really depends on whether you want to hold onto the current property or leverage its value for something new.

Typically real estate is long term, has tax write off advantages and you can borrow money tax free to invest in other opportunities.