It also means not leasing or financing a car, opening a new credit card account, or anything else that can affect your credit report.Part 3: The closing itselfThe closing process itself takes place at one table (either at the office of an attorney or title company), where buyers sign all documents related to their loan and the transaction itself.

What you are presenting them is a solution to their problem, an answer to their prayers, and my belief is that it's important to just put it on the table from the get go.

But at the same time leave some leveraged chips on the table in that crazy appreciation market you love to hate!  

I've since learned how to install flooring, any kind of trim (I own multiple types of saws),  open up walls to create a more open concept, paint cabinetry, build tables, ect. 

Depending upon how quickly you sell it, you may have to pay for property taxes (which will reduce your net) as well as a minimum of approximately 2% to a buyers agent (an agent bringing a buyer to the table).Again, it depends on how long you carry and whether or not you sell it yourself or use a brokerage. 

I have an equity partner that brought all of down payment to the table and the debt is funded by the previous owner of the property.

Especially if your bringing 50% to the table.

In this case, you would have enough insurance limit to get your $40k, but still need to come to the table with the other $40k.With a Replacement Cost policy, you would get $60k of the $80k claim. 

Nothing personal is allowed there, so it cannot be a kitchen table or your living room where kids play games.

Do you have $10K to bring to the table in order to refi, PLUS have money for the next down payment?