Quote from @Som Jafari: I’m dealing with a plumbing issue in the tenant half of my duplex.

Instead of discussing the possibility of owner finance with sellers - what if I offered the opportunity to  JV where they are the equity partner?   

For cash-out refinances, did you prioritize LTV (e.g., 75%+) or lower rates?

Hey @Audrey Sommer, is this in regards to overall condition of the home or highest-best-use of a property for investing?

Yes it's hard to price this out without knowing the property details and what grade materials you’re using etc. 

I hope it works out.

Quote from @Jaycee Greene: A few things I noticed, in addition to having the tenant pay the utilities are:1) Incorporate annual increases in rent higher than 2% (in your area, maybe 4%-5%) with a slightly smaller increase in operating expenses (say 2%-3%)2) With a gut rehab, I'm not sure why you need to spend $128/month on cap ex, at least for the first year or 2.3a) An 80% cash out refi is probably going to be hard to get.

First of all welcome to the BP Community. 

I specialize in this type of transaction and would be happy to have a conversation including why they may not be a fit for you. 

Primarily desert washes, but also near a creek....So I would go knock on doors and ask neighbors when it has flooded and what they think about the area......maybe call the County water board and ask then what has happened there in the past.