I have read these posts recently because I've been inundated with them in my inbox and I was curious to see what was going on.

As it is now, we plan to refinance our duplex get our equity out, and still have a solid cash flow as long as we can get locked in under 7%. 

to answer your questions:1. yes2. because the cash flow adds up after you buy multiple properties (particularly ones youre in under 20k paying 1000 a month) and I enjoy A. working for myself and not some corporation trying to kill me while paying me as little as possible B. being able to determine my own income C. telling anyone not liking what I do/how I do it to go straight to hell without passing go or collecting 200 dollars.

The roof trusses if not inundated with dry rot and termite damage may also have lots of truss fractures caused by tradesmen not knowing where or how to walk on it or by falling branches and wind driven rain issues.Particle board sub flooring is held together with Elmers Glue.

But our model is building a passive income portfolio in coastal areas where average real estate is way too pricey for the average person.On most circa '60's & 70's homes you will usually find them in pretty poor condition and inundated with caustic and carcinogenic chemically laden materials i.e. formica counter tops, particle board sub floors, acoustic tile, floor, wall and roof insulation, etc.

With that being said looking at your plan you could build this with modular construction in under 50 days.

Right now investing in under $50k houses may not work.

The client can refinance with a non - QM loan which is a bit higher in the 5.75-7.25% range if it makes sense or try to fit in under the "extenuating circumstance rules for FHA/VA/Conv financing after CH7 BK which allows reduced time frames as low as 1 year but its very difficult to qualify for EC unless you can document it very well (the incident has to be viewed as a one time event that caused the EC.What is the rate of this private money note that you're looking to refinance? 

A small sink snake is under $50 and a good maintenance person cam have it cleared in under 30min. 

Owners are inundated with calls from agents looking to relist the property.