Its very rare high end experienced investors can pull this off.

But the last thing I want is something I have to pull the listing on because I have to repair yet another thing.

The third option is to do the cash out refi while you are still living there (better rate and fees), keep it as a rental, and then move on.

The last house I bought, was brought to me off-market by my agent, and it's seeming that off-market is the only way to get good properties without the MLS prices.I've recently got a nice business card printed up, and would like to start a direct mailer campaign, using BatchLeads to find multifamily properties in the local towns that I wish to invest in.I have a pretty strict criteria about what I'm looking to purchase at this time:-Legal 2-or-more unit large Multifamily (not required to be owner occupied)-Each unit should be at least 3 bedrooms (so if it's a duplex, it needs to be 6+ bedrooms)-Sewer (not septic)-Gas (not oil)A lot of this information is not readily available online, so once I start my mailers, I'm sure I'm going to find people who eventually respond, but that don't have criteria which match what I'm looking for.I feel like it would be a waste if I paid a bunch of money for direct mailers, and then someone reaches out to me to sell, but their house doesn't match the criteria of what I'm looking for -- I don't know anything about wholesaling.What can I do to monetize these leads, or is the answer is that I need to learn Where do you pull your direct mail campaign list from?

We refinanced and pulled cash out, and they will pay off the debt a second time.  

We recently found out our lease is void/unenforceable due to some wording in there related to who is responsible to pay for attorney fees. 

So far I have inherited 3 tenants who were there when I bought that were not on the program who paid maybe one months rent and then nothing for the three - four months it took for me to kick them out plus legal fees (Ny if its in an LLC you have to be represented by a lawyer).

The property management company just informed me they had to pull the property off the market because they found a squatter had broken into the home and was living there. 

Focus on properties that will have a strong rental market and a clear path to increase in value.Overleveraging:Some investors refinance and pull out too much equity, leaving them with little to no cash flow.

For instance I see "net income" and I don't know if that what the tenant paid or that's what I'm receiving after the property management fee.