@Zachary SchimenzNope, you're getting soaked.

Due to the debt from a previous divorce I'm still digging out from, I'm unable to bring capital to the table at this time and had thought I'd just be a helpful Realtor until I'd built my own seed money after squashing my debt.

My father recently gave me a property and i want to use it to start investing in more properties this particular property needs roughly $5,000 in upgrades to fetch a $1,000 per month.Should I refi the property in six months and use that money as Seed money to acquire more properties?

I have been soaking up information like a sponge and trying to learn as much as possible to find my way as most do when the light bulb comes on.

@Duriel TaylorPlease follow up to this post after your meeting, im curious.If you buy right and the seller leaves enough equity in the property, I could how you could refi out to pay seller and get your seed money back.

I found myself soaking up the content from this site and from the podcasts that it motivated me to want to get into real estate.My name is Pete Hassanzadeh and I live in Prescott Valley, Arizona.

$60 monthly negative cash flow is not a lot when factored in soaking wet (it seems you have factored in all of the relevant intangibles such as vacancies and cap ex). 

Do I take the appreciation and value-add capture or do I hold onto the property and soak up the cash flow and debt pay down for years to come?

I'm looking to connect with some auction junkies to soak up some knowledge.

I’m been soaking up everything Ray Dalio has to say on macroeconomics and cycles.