As for your ques if to wait, well, it depends on the market, in some parts of the country prices are still going up, slower, but still going up, other parts the prices are coming down, you know that area, what is happening there? 

Happy to send over some resources on why Columbus is a great real estate market to invest in. 

There's a tenant that's month to month, rent is at least $800 below market rent, so I told the seller I need that unit to be vacant.

Hello @Daniel Summer,The Memphis market has a solid MHA/Sec 8 rental.

market rents/cost to aquire What was the outcome?

I haven’t completely dismissed the possibility I can get into some great markets out of state, it’s just the unknown is so great about it, I haven’t given it a ton of thought. 

Utah market.

Well, yes, some properties may require complete work, but others may just need cosmetic things to bring them back on the market.

I have met a few folks recently who are active in that market and I am planning on following up and seeing what their experience has been.

Im not expert but Ive took out a heloc and dragged on going on my advise and it suckedHi @Mario Morales, There are 2 things I would pay attention to in the scenario you describe. (1) Most cash out loans are limited to 75% -80% LTV meaning you wouldn't be able to get all of your cash back out. (2) The interest rates I see in the market are closer than what you've listed.