Originally posted by @Doug B.

B. 

Quote from @Kristi B Leonard: If the law says 30 days, then it needs to be 30 full days.

Again, lower your expectations.Good luck  Just spent a few hours stalking the new properties we brought to our PM book.Bloody nora mate, hard to believe what folks are buying and where and for how much 🤷‍♂️First time in 10+ years that I actually started getting worried a bit about our market.I mean, we are talking D class stuff selling for $80,000+All off the MLS also.Toledo got some sexy PR this year but this is insane.Can't sell turnkey in B class for sub $100,000 if my life depended on it.But D class run down $%#@ off the MLS selling for $80,000 all day long.And some solid comps to support this $#%@ also...PM is booming so we will ride the wave.Surfs up 🏄What a shame though....

There are also areas around OSU and north of downtown like Westerville that are B areas and will always be solid areas to invest in.  

Quote from @Joehn B.: you cash-out refinance after title seasoning and get 70% of ARV (200k) back so in your example you would get 140K back and have 60k in equity left in the property. 

[b]What kind of car do you have?

However, I view it as either a) saving $3500/month for the new home or b) earning $1400/month cashflow from the rental.

As someone who has been working with investors for quite some time now some advice I would give you is to learn the lingo & things to learn1% rule75% ARVHow to calculate ARVHow to run rental compsHere is a fantastic website I use for all of my in state and out of state investors.Use this rating and classification system I have created over time to get an idea of the "Class" for the area - A class B class & so onhttps://www.areavibes.com/Here is my rating & classification for each livability score. 80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below F

Unit B value of $550K / mtg of $400K @ 6.75% (balloon in 8 yrs).The properties cashflow a good bit.