When i refinanced it, i paid my cc's off and had no money into the deal, this resulted in infinite COC return. 2.

@Jason McMahanIf your long-term goal is to invest in more properties it is worth it to invest in a solid property manager.Your time as an investor is infinitely better spent analyzing markets and deals.

@Jason Hirko It's good experience, but there is still an infinite amount of knowledge I need to absorb! 

CoC would be mostly infinite.

If you can achieve the ultimate goal of 100% cash back then your CCR becomes infinite.  

This is a simplified example, but there are infinite possibilities. 

I hear some people talking about how the cash out refi results in infinite COC returns, but that's not actually the case, correct?

Like you said, properties are flying off the shelf.....never in my 17 years have I seen such demand on 2-4units, coming from within Chicago, from the coasts, and overseas. 

I quite often buy the unfinished ones off the shelf and then paint or stain them.

Improvement costs look simple enough on paper but try taking your wife to any home improvement store and you are going to come home with flowers, bushes, closet shelf units, paint - you name it.