Exactly what i was looking forIf the rental income can support a higher loan amount, the path to getting the most cash back out of the property is to complete the renovations first and then cashout refi after.

We complete a final walk-thru 24-hrs before escrow close to confirm the property is vacant.Hope that helps!

We chose to leave $25,000 invested as a bit of cushion until the restaurant has completed their renovations.Lessons learned?

Technically nothing Anderson recommends is wrong but in most instances what they recommend is completely unnecessary.

If you refinance completely your monthly payment will go up probably significantly.

This is also part software sort of speak, it gets updated with new features...there is work to it, idk if that labor required is intrinsic too maybe.

Should appraise for $660-700 when completed.

How complete, low stress, hands off, experienced, all-inclusive the journey is made via the service provider. 

The problem was completely operator error on my part and website design on theirs.

That said, I completely understand your concern about deals looking "too good to be true" when you’re putting in 50% down.To avoid this, it’s best to analyze properties as if you were using more traditional financing (20-25% down).