PS The reason I went this far with my current agent is that I am investing out of state and my rationale was having an extra person out there who could possibly help me.

Many of us will gladly share our contacts - helping you AND that allows us to provide value to our contractors by referring them extra business.

Cash out refi will let yo go up to 75% LTV allowing you to get that extra 5% compared to a Heloc.

@Dan N.These types of strategies is like building a conveyer belt between your home and your neighbors in order to borrow sugar from your neighbor instead of just walking there, knocking on the door and ask for sugar.Making these overly complex strategies for real estate really adds zero benefit and just costs you extra money in the long run.May I ask why you need such a complex structure ?

This is hard(er) to sell to folks who are stroking one big check just to fund the whole thing, but easier to sell to 100/1000 people who are funding one little piece of the deal. - Banks only stay in business by seriously mitigating risk, especially in the world of commercial loans where they may hold all of the paper.

I'm always very honest with folks about ARV's.

Hey Folks, Renting my first ever property via zillow rental tool, just within 1 hour of posting I got an applicant.

Hey BP folks!

I hear from a fair number of folks that are ensnared by one of these two fallacies right now.The first one is the "sunk cost" fallacy.  

If you are looking for folks who work in Philly then yes, being close to a train line or the city itself is crucial.