Located in: Trenton, NJ  one thing to realize and talk to your accountant about is if you assume it - do you assume it based on his cost basis, which could be a lot lower than the property value and then when you do eventually sell it, you could be hit with a nice capital gains bill. 

To start you may have to do everything but eventually you will want to build a business not a job that relies on your physical labor.  

I would wait till rates eventually go down and there are real opportunities in real estate and take advantage of it then

Cashflow may be minimal but rates will go down eventually, and at least in Coastal FL, values will go up (even higher). 

Both times I ate the expense of repair after the neighbor eventually had the tree cut-up and removed.

Is it feasible to get $96,000 in cash eventually from the second cash-out refinance in this way and keep expanding wealth in this way?

Securing a premium investment or dream property is always going to take some work, effort and overcoming eventual disappoint.

Agreed with Rob...they cover their license fee (no reason you should be paying for their cost of doing business), but asking a reasonable fee for pulling the permit isn't uncommon.As to the fee for pulling the permit, it would depend on the complexity of the job and the amount of time likely to spend with the building department getting the permit. 

Areas tend to get blocked when a driver gets robbed or something of the sort.

I aim to apply my real estate knowledge to build a portfolio of rental properties, starting with single and multifamily homes and eventually expanding to apartments.Should I pursue a degree in financial planning or accounting to complement my minor?