@Zachary EngenMost lenders will allow a cash-out refinance of up to 75% of the property’s appraised after-repair value (ARV), not the purchase price or costs.

You have to understand repair costs, ARV and many other things.

I have been in the construction industry, mostly residential renovating, so I know how to spot damages, repairs, and/or things that need to be replaced.

Yes - include ALL expenses in your math, including reserves for repairs/maint, capex, turnover, etc.

I’m grateful for the assistance you provide.

If they close and sign up with us then we do a site walk etc and begin onboarding.I am also a broker who assists in finding the property, doing walkthroughs etc and I get paid a commission at closing from seller.Long story short I would expect them to give you an analysis of properties you are interested in for free based on the hopes of future business, if you want them to go above and beyond and attend showings etc then ask them if they are interested and offer them compensation for their time :)

@Dennis GallagherIt's my understanding that the "Income-Expense Ratio" primarily use operating expenses as the expense variable, which includes costs like utilities, property taxes, insurance, maintenance, repairs, property management fees, and trash removal, all of which are considered when calculating a property's operating expense ratio (OER).You calculate OER by dividing the total operating expenses by the gross operating income of a property.

This means they will have practically complete control over whom to rent, how much to rent for, and how much to charge for repairs, etc.

Most major repairs had been done.

Seeing people give others money for down payment assistance etc. to me is just plain dumb.