and are you looking to walk away with cash or simply refinance (meaning paying off) what you owe? 

I saw your reply on the 2M cali home purchase with a gross rev of 150K. 2M @ 100% financing - the investor putting up that cash would need a note payment of 15K-20K a month to make that worthwhile. 

great advice provided - what I will add to this is if you have smokers and its not allowed I would offer to allow them out of the lease with no penalty. 

Thanks in advance for any help you can provide!

I mean even if the IRR is trash and the cash on cash returns don't come back as promised. 

. - When we've review these options with clients the ending outcome is typically that it's easier to forgo the 121 exclusion if you want to keep this property; and do a cash-out refinance (taking on more debt isn't taxable) instead. 

In order to refinance a home you must have six months title seasoning to use a "New appraisal" but keep in mind only certain lenders and programs allow a cash out refinance at the 6th month mark.

Purchase price: $45,000 Cash invested: $80,000 Sale price: $149,000 Purchased for $45k.

That backs out to 10-15% cash on cash return in most cases.

Ensure your projected cash flow covers expenses, including higher insurance and management fees.If you have anymore questions, shoot me a DM or email!