I've heard of people doing this, but you need to be rehabbing it enough to make it higher value so ideally you need to be purchasing something that needs some rehab so that you can increase the equity because otherwise you're not gonna have enough equity to pull out

This decision increased our budget from $15K to $45K, but it turned out to be a wise investment.

That does not require employment or job seasoning instead it uses the rents to qualify and you can take out up to 80% LTV cash.Use the cash to put down on the next 1-2 or more properties as long as the other properties are debt servicing themselves it opens up more opportuities to buy more future assets and increase your passice income.  

As they see their money is safe and you're succeeding with your plans, they'll usually ask to increase the amount of money they loan to you.

Do you need to increase rents in the next year to cover your costs?

You increase the likelihood that you continue to receive that $8,500 each month. 

@John Perkins Help you find lenders that can increase your profitability on your projects and perhaps help you scale!

Despite higher interest rate environment, there's reasonable probability inflation will still continue - thus increase hard asset valuation.

Pretty incredible how rapid the demand has increased in the past 12 months especially. 

And while I agree that debt is often the cheapest form of capital, if you are looking at a project that involves some form of value-add business plan, you can always refi either when rates come down or you have increased the yield on the asset to exceed your interest rate.But like Stuart noted, for many groups, even the most seasoned syndicators, raising call cash for their deals is effectively impossible.