@Kristin VegasHow much cash flow is the property producing per month?

Purchase price: $210,000 Cash invested: $35,000 Triplex 3- 1bed 1 bathCompletely RenovatedShared Utilities What made you interested in investing in this type of deal?

They want the cash flow now but aren't worried about the side effects of the quick fix or lower tier asset.

I have cash, but not enough for the purchase price i am targeting (500k-$1MM).   

Start your cash snowball.2.  

I have a 2.1% 20-year fixed on my primary residence so I would not consider a cash out refi. 

I'd also be shocked if there's any cash-flow after the refinance.

I do measure my cash on cash return for my business and for each property. 

Since you’re focused on buy & hold multiplexes, consider networking with local investors, refining your underwriting skills, and researching markets with strong cash flow and appreciation potential.

They are empty (sorta) and the new owners (inheritance)need to cash out or create cash flow.