@Anthony MillerYour property management experience is a major advantage as you start investing, giving you a head start with tenant screening, lease agreements, and maintenance coordination.

Haha yeah this is what real estate deals usually look like for me, but awesome that you came out ahead!

Lemme get this straight: you want to sell a subject to as part of a subject to.unless your buyer is doing a targeted satisfaction of the primary loan, I don’t see this working at all.

A more viable approach could be a straight 75% cash-out refinance—but only if you’ve invested in a city with strong, sustained population growth.

I want to be straight with you - trying to invest with absolutely no cash reserves is really risky.

If you don't mind having a 'financial bomb' waiting to ignite, go ahead and move forward with the wiring in place.

I live in Raleigh and the area is booming and I see bright future ahead.

So you might as well be a head of the game do the cash out refinance buy the next 1-2 properties and simply refinance the original mortgage as a "rate and term" which carries a lower rate.

That may not apply to you, as a financial professional, but I thought I would share the story.Obiously you could re-lever your portfolio to bring the ROE back up, but then you have to place those borrowed funds somewhere that nets a high enough return that the portfolio is ahead, given the drag of the interest and any transaction fees.    

Personally I'm working on a very exciting niche, but will take some time to pull together; and I'll give you more details as it moves ahead.