In the instant case, there are no other mortgages or liens or judgements.

Would there be an instant equity of $35K if the property is worth $65K?

It felt (and still feels to this day) like a rare perfect scenario: Distressed homeowner still gets to live in the home she raised her kids in; bank gets out of a difficult situation; I got into the RE business and had instant unrealized gain.

Learning this changed my outlook of many things almost instantly.

That way you don't have instant easy access to the funds when you get a persuasive impulse to spend it.It's not gonna be fun at first as you'll have to sacrifice some, but as you notice the number increasing you will begin to experience hope and joy and a renewed sense of drive that will push you to better position yourself.Rent too high?

Thats how you do it...instant equity and possible cash flow...keep it up!

I'm going to have about 20-25k in instant equity from this deal.

I just returned from his 3 day weekend event Instant Impact. 

Or you can also do delayed financing right away and get your acquisition money back without waiting 6 months, as long as there is instant equity and the property passes an appraisal inspection. 

6 months seasoning if you want to pull out based on appraised value, instant if you paid cash and just want most of your cash back.