"Short term" is higher maintenance, of course, and requires "boots on the ground" on a routine basis.

There's < 2 months of seasoning for the purchase, cash into the deal is ~$975k w/o rehab (minimal planned so far - turnkey), purchased the property for 35-40% below assessed value, 825+ FICO, and would optimally like to pull out $975K-$1.15M of equity.Main scenarios we've thought of to accomplish this are: 1) structure sale of property from SMLLC to self and secure 30-year new purchase financing on deal (unsure if legal and tax implications if above initial cost basis)2) delayed financing (LTV restrictions a concern)3) cash out refi (seasoning concerns)4) DSCR (seasoning and rate competitiveness concerns)5) one of the above plus a HELOC, personal loan, etc.?

I understand they serve as a benchmark when calculating the discount rate but I see people try to predict them on a 10-year basis which seems incredibly difficult for first-time investors and ultimately, we never know what they will be. - Adam

Aren't you talking/listening to people every day?

Given the unfavorable analysis of population within 3 / 5mile radius, the numbers were too appealing.Lastly, the current owner is valuating the asset on pro-forma basis and I know for a fact with needed capex and upgrades, I will be overpaying.  

If your PM is not communicating with you on a regular basis about the status of the property's activity and also not responding to your inquiries in a timely manner, that's a problem.

Basis is $130k, plus $50k HELOC (used to fund Home #2 rehab), and could sell for almost $300k, netting us let's say $110k.

I know his cost basis in the property is likely very very low, so selling would trigger significant capital gains and depreciation recapture. 

That's not cashflow, that's raising investor capital to return investor capital and charging a fee in between.2) Claiming a low basis of $132k/unit while loading the deal with so many fees and reserves needed to make it not an immediate foreclosure, that the all-in basis is actually $193,952.

They have tried to run that card every day for two weeks now, despite prior cancellation.