Add on regular amortization and I’d have right around 15% equity after 3 years.

For us BP people, we can see the potential in a fresh coat of off-white paint where regular people just see a gross ugly house.  

There are other options to get cash out however, such as a HELOAN or regular cash out refinance.

@Scott Trench I was actually thinking that this would be great for regular, non-foreclosures. 

Rather than pay for a course I suggest identifying a wholesaler in your area that is advertising off-market homes for sale regularly (at least 5+ per month, more is better).

Inspect regularly so it doesn't get out of control.

I regularly argue that Dave Ramsey provides excellent, sound, time-proven financial advice that everyone should apply to their personal finances.

We deal with this on a regular basis in the Hood were we invest. 100% talk, zero action. 

I'm in NW montana and post regular market updates for NW Montana regions.  

If someone came to stay as an overnight guest for a weekend they were not concerned. if there were two people sharing a room on a regular basis that are not related then that would put you over the limit in a four-bedroom house. so you get four unrelated people in a four-bedroom house.