Prepare your finances, including a strong credit score and a down payment.

It’s priced below value, but people aren’t fond of the area, low walkability score, near a bus stop, etc.I’m nearing the end of a hard money loan and I’m wondering if it’s possible to do a cash out refinance on a HARD MONEY loan.

I am looking to cash out refi however my current mortgage servicer has high origination costs to do the refi.

Avail.co also can do the tenant background, eviction and credit score checks.

I require my tenants to have a minimum credit score of 680. 

I have one at 15.375 with no origination fee.

You will get credit for their usage and should have a nice score by the time you turn 18.Take Dave Ramsey's Financial Peace University.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

The original budget was 50k.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.