(Specifically looking at Missouri, Kansas, Arkansas, Oklahoma, Nebraska, Iowa...)

I live right on the Missouri and Arkansas staye line, I plan on getting licenses for both states but I'm going to start with just one.

This property is in the state of Arkansas by the way.

I contacted the owner of an abandoned house in my neighborhood in Benton, Arkansas / Little Rock, Arkansas.

You want to buy some properties in OK, TX, KS, MO, or AR? 

I have a duplex there in a decent area, and looking ar a couple more. 

But what I do I know, I live in San Diego and invest in Arkansas, go figure...

The "cash out" in this case is the $20,000 difference between the REFI loan ($70k) and the ORIGINAL loan (HML) which is taken out with the first $50k of the REFI loan.Example #3: Rate & Term REFI = Loan used to startCash put into deal                                                  = $     0      (keeping it simple)Loan for full amount needed                               = $ 50,000% Loan to Value REFI lender offers (LTV)            =      70% (sometimes  "cash out" LTV is different than a "Rate & Term" LTV)Max. loan given by REFI lender based on LTV    = $ 50,000 Note: You usually don't have to wait 6 months to season a R & T REFI loan.  

Below is basically what my abandonment clause says and I more lenient than Arkansas law requires because I do give an additional 3 day notice.

(For example, and off the top of my head, New Hampshire, Michigan, Arkansas.)