Would love to get in touch and ask you a couple of questions -Sam

And the bigger benefit to this one is that simply purchasing land may cause you a depreciation recapture issue.You've got some really good options and with a little time and strategic thinking you won't have to invite Uncle Sam to your retirement party.

You can download the spreadsheet by @ sam tato in the files section, it will give the best estimate of monthly expense. 

Uncle Sam knows about that one. ;-)What WILL work, and is perfectly legal is to do a cash out refi as you suggest then you can sell the property on a Lease Option and get an Option payment, usually 10% of value in addition.

Cash Flow - to be determinedEven if you only make $5 cash flow, you get a home for 0% down, that tenants will be paying off for you eventually :) Some Cons: If you lease the home, it becomes an Investment property in the eyes of Uncle Sam. 

SAM Freshman, author of the book, Principles of Real Estate Syndication, has been doing this for over 60 years.

@Sam Bates thanks Sam!

@Sam Horton @Stephanie P.

@Sam Ohanesian I wouldn’t.

The answers vary and you can manage your business as you want but in the end the customer will always be…well, I’l let Sam Walton finish that line, “There is only one boss.