We owe $210,000 with a 3.2% interest rate and value is about 480,000.

To do so, I need an initial team who can cover the following aspects of these projects:- Wholesaler- Contractor (Inspection oriented)- Equity Partners (Project Incentives)Once the deals are in place, the financing support will be through personal capital for upfront costs, with the intention to raise private capital and include hard-money lenders as-needed.

If you or him are just giving each other money with no legal documents in place so you can scoot buy and get in, then good luck to you both.

Why would you spend the money on an appraisal now?

Every unit will find a tenant you do not need to intice them with extras that do not put more money in your pocket.

That would likely take several months and cost a bit of money though. 

Rental arbitrage was hyped up when money was cheap.

Another loan is a residential transition loan (FKA hard money loan) that you could also use.

Closing Costs – Remember to factor in refi fees and how long you plan to hold the property to determine if refinancing will save you money overall.Since you mentioned owning the property for only a year, your equity might still be limited, impacting your options or leading to higher costs.

. :) Would love to connect with any real estate professionals in the following areas, as I am considering these markets for LTR:Oshkosh, WIMadison, WIBuffalo, NYSyracuse, NYQuantum Valley, NYCleveland, OHColumbus, OHPittsburgh, PAI am most excited about cash flowing properties in areas with exciting growth potential, renovation efforts, or new money coming in!