Our family member would be able to put up the $58,000 as well as secure the loan for us on this property until we re-fi it out in 2018.I understand reviewing the cash on cash and cashflow etc for our market.

I just purchased a house hack duplex in Upstate SC.  I

Hi @Larry F., I have found that different people I'm talking with locally define cap rate differently (with and without expenses, etc.)  

I don't invest in commercial property so I'm not sure what re-fi terms are offered.

Good Morning Good People of BiggerPockets,I am an operator of a small independent lodging operation in North Augusta, SC.  I

I am in no way affiliated with this or any other similar lender.http://www.latimes.com/business/la-fi-home-equity-investments-20170106-story.html

If the latter, I would re-fi cash out, pay off my family, pay off my credit line, put some cash away and look for another deal... there is always another deal!  

My local credit union will let me cash out re-fi after 6 months of ownership.

My first BRRRR deal cost me roughly $20k upfront Then, after the re-fi I recovered all of that money back to start again.

Originally posted by @Jill F.:I