If you have cash on hand to fund the rehab and want to extract it soon after the project is done, you can use delayed financing.

At this time, I am having to pay all cash in order to close.Purchase price is approximately $600k.

Cash flow matters. 

If you're not worried about current income but rather monthly cash flow, I'd recommend a 1-4 MF property.

They might not be great for cash flow but might be great for long term capital appreciation especially when you use leverage.I’d rather own a $1M asset that breaks even but appreciates consistently by 3% than own a $100k asset that cash flows $3k per year.There’s power in investing in or near your backyard.  

@Peet BothmaHi, I'm working in MILWAUKEE.Do you have a recommendation for a lender for refi cash out for foreign national?

Do you have a current need for that cash flow generated from the tax savings?

It's a cash cow and I have been doing it Extremely successfully since 2006.

If the work needs updates, that’s where it can add up, but $30K sounds like a reasonable cushion based on what you’re describing.It sounds like a solid deal, especially if the cash flow is good.

For a $300,000 property it could be $30,000.Then, do you have that much cash or credit available to you, in the event of a Due on Sale call?