Depending on the cash flow for the property, you are looking at up to 75% of the appraised value. 

There is no average cost, because it depends on what you're starting with.

I guess it depends on your risk tolerance and your ability to find a better deal than the one you already have with the equity you are pulling out.

Again, these fees are charged and paid to the lender to complete and fund the mortgage.Third partyclosing costs include title company fees - including the actual title policy, escrow or closing fee, tax certification, and other title fees; governmental charges – including recording charges, intangible, and transfer taxes (depending on your state).

It can do better or worse depending where you are, but these are some general ideas of what you can get out of it.

@Saurabh Kukreja it all depends on what your goals are.

Just depends on your experience level and the network you have.

I live in Clermont and depending on where you are looking $200 will be pretty tough to find at all.

Depending on where you are looking, inventory for 1-4 units can be a challenge as a lot of the NW suburbs are all single family homes unless you are further NW like Rockford or Elgin or something like that. 

As far as the size I think it would depend on the space.